GAN Limited (NASDAQ:GAN) Short Interest Up 49.9% in December

GAN Limited (NASDAQ:GAN) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 98,200 shares, an increase of 49.9% from the November 30th total of 65,500 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 200,800 shares, the days-to-cover ratio is presently 0.5 days.

GAN Stock Performance

Shares of NASDAQ:GAN traded down $0.01 during midday trading on Monday, hitting $1.83. 145,615 shares of the company’s stock traded hands, compared to its average volume of 176,118. The firm’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $1.70. GAN has a twelve month low of $1.17 and a twelve month high of $1.87. The company has a market cap of $83.17 million, a PE ratio of -6.08 and a beta of 1.99.

GAN (NASDAQ:GAN) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.04 EPS for the quarter. The company had revenue of $37.10 million for the quarter.

Hedge Funds Weigh In On GAN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of GAN during the second quarter worth about $479,000. Geode Capital Management LLC increased its holdings in GAN by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock worth $774,000 after purchasing an additional 9,260 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of GAN by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after purchasing an additional 22,700 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of GAN during the 3rd quarter valued at approximately $3,676,000. Hedge funds and other institutional investors own 16.67% of the company’s stock.

About GAN

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.