Bragg Gaming Group Inc. (NASDAQ:BRAG) Short Interest Update

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 155,400 shares, a growth of 57.8% from the October 31st total of 98,500 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of Bragg Gaming Group

Several institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in shares of Bragg Gaming Group in the 2nd quarter valued at about $77,000. Renaissance Technologies LLC increased its stake in 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 purchasing an additional 36,100 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in Bragg Gaming Group in the second quarter valued at approximately $200,000. 4.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Bragg Gaming Group Stock Down 1.8 %

Shares of Bragg Gaming Group stock traded down $0.06 during trading on Friday, reaching $3.28. The company’s stock had a trading volume of 49,837 shares, compared to its average volume of 82,750. The company has a market cap of $82.03 million, a price-to-earnings ratio of -13.67 and a beta of 0.93. The firm’s 50-day moving average is $4.44 and its two-hundred day moving average is $5.14. Bragg Gaming Group has a 52-week low of $2.86 and a 52-week high of $7.00.

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.