Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Grows By 7.7%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 2,090,000 shares, an increase of 7.7% from the November 15th total of 1,940,000 shares. Based on an average daily volume of 321,200 shares, the short-interest ratio is currently 6.5 days. Approximately 5.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Atlanta Braves

Large investors have recently added to or reduced their stakes in the stock. Harvey Partners LLC grew its stake in shares of Atlanta Braves by 14.6% in the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after purchasing an additional 64,500 shares in the last quarter. HBK Investments L P boosted its stake in Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock valued at $19,104,000 after buying an additional 174,300 shares in the last quarter. SG Americas Securities LLC bought a new position in Atlanta Braves during the second quarter valued at about $1,177,000. Harbor Capital Advisors Inc. boosted its stake in Atlanta Braves by 76.9% during the third quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock valued at $12,554,000 after buying an additional 137,124 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Atlanta Braves by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 178,903 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 28,879 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Price Performance

Shares of BATRK stock traded up $0.13 on Monday, hitting $39.52. 4,211 shares of the stock traded hands, compared to its average volume of 233,966. Atlanta Braves has a 1-year low of $36.74 and a 1-year high of $44.42. The company’s fifty day moving average is $40.22 and its 200 day moving average is $40.81. The company has a market capitalization of $2.01 billion, a PE ratio of -53.96 and a beta of 0.68.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.