Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Decreases By 8.1%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,920,000 shares, a drop of 8.1% from the November 30th total of 2,090,000 shares. Approximately 5.2% of the shares of the company are sold short. Based on an average trading volume of 313,500 shares, the days-to-cover ratio is currently 6.1 days.

Atlanta Braves Trading Up 1.7 %

BATRK stock traded up $0.63 during midday trading on Tuesday, hitting $38.45. The stock had a trading volume of 128,196 shares, compared to its average volume of 233,505. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -52.67 and a beta of 0.68. The stock has a 50-day simple moving average of $39.89 and a 200 day simple moving average of $40.69. Atlanta Braves has a 52 week low of $36.74 and a 52 week high of $44.42.

Institutional Trading of Atlanta Braves

Several institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings 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 purchasing an additional 28,879 shares in the last quarter. nVerses Capital LLC bought a new stake in Atlanta Braves in the second quarter valued at $95,000. Rhumbline Advisers raised its stake in Atlanta Braves by 13.9% during the second quarter. Rhumbline Advisers now owns 71,651 shares of the financial services provider’s stock worth $2,826,000 after acquiring an additional 8,733 shares in the last quarter. VELA Investment Management LLC lifted its holdings in shares of Atlanta Braves by 3.5% during the second quarter. VELA Investment Management LLC now owns 64,378 shares of the financial services provider’s stock valued at $2,539,000 after acquiring an additional 2,206 shares during the period. Finally, Boyar Asset Management Inc. boosted its stake in shares of Atlanta Braves by 19.4% in the 2nd quarter. Boyar Asset Management Inc. now owns 52,335 shares of the financial services provider’s stock valued at $2,064,000 after purchasing an additional 8,495 shares in the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

About Atlanta Braves

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.