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

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 98,500 shares, an increase of 13.5% from the October 15th total of 86,800 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 32,500 shares, the short-interest ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $7.00 price target on shares of Bragg Gaming Group in a report on Monday, October 14th.

Institutional Investors Weigh In On Bragg Gaming Group

Large investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in Bragg Gaming Group in the 2nd quarter valued at approximately $77,000. Dimensional Fund Advisors LP acquired a new stake in shares of Bragg Gaming Group in the second quarter worth $200,000. Finally, Renaissance Technologies LLC boosted its stake in Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after purchasing an additional 36,100 shares during the period. Institutional investors and hedge funds own 4.04% of the company’s stock.

Bragg Gaming Group Price Performance

Shares of BRAG traded up $0.19 during trading hours on Monday, hitting $3.27. 27,696 shares of the company were exchanged, compared to its average volume of 47,513. Bragg Gaming Group has a one year low of $2.86 and a one year high of $7.00. The company has a market capitalization of $81.78 million, a PE ratio of -12.83 and a beta of 0.93. The firm has a fifty day simple moving average of $4.78 and a 200-day simple moving average of $5.32.

Bragg Gaming Group Company Profile

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.