Bragg Gaming Group Inc. (NASDAQ:BRAG) Sees Large Decrease in Short Interest

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 75,300 shares, a drop of 17.3% from the July 31st total of 91,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 40,300 shares, the short-interest ratio is currently 1.9 days.

Bragg Gaming Group Trading Up 0.4 %

Bragg Gaming Group stock traded up $0.02 during mid-day trading on Monday, reaching $5.06. The company had a trading volume of 12,100 shares, compared to its average volume of 46,612. The company has a market cap of $126.23 million, a P/E ratio of -21.08 and a beta of 0.93. The business has a fifty day simple moving average of $5.42 and a 200 day simple moving average of $5.66. Bragg Gaming Group has a fifty-two week low of $4.05 and a fifty-two week high of $7.00.

Bragg Gaming Group (NASDAQ:BRAG) last announced its earnings results on Thursday, August 8th. The company reported ($0.11) earnings per share for the quarter. Bragg Gaming Group had a negative return on equity of 11.42% and a negative net margin of 8.51%. The firm had revenue of $26.76 million for the quarter. Research analysts forecast that Bragg Gaming Group will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of Bragg Gaming Group in the 2nd quarter worth $77,000. Oasis Management Co Ltd. bought a new position in Bragg Gaming Group in the 4th quarter worth $82,000. Dimensional Fund Advisors LP bought a new position in Bragg Gaming Group in the 2nd quarter worth $200,000. Finally, Renaissance Technologies LLC increased its stake in shares of Bragg Gaming Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after acquiring an additional 36,100 shares in the last quarter. 4.04% of the stock is currently owned by institutional investors and hedge funds.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.