Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 118,000 shares, a growth of 7.0% from the December 31st total of 110,300 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 28,900 shares, the days-to-cover ratio is presently 4.1 days.

Hedge Funds Weigh In On Allied Gaming & Entertainment

An institutional investor recently raised its position in Allied Gaming & Entertainment stock. Geode Capital Management LLC grew its position in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,856 shares of the company’s stock after purchasing an additional 35,385 shares during the quarter. Geode Capital Management LLC owned about 0.49% of Allied Gaming & Entertainment worth $297,000 at the end of the most recent reporting period. 3.21% of the stock is owned by institutional investors.

Allied Gaming & Entertainment Price Performance

AGAE stock opened at $1.10 on Tuesday. The company has a market capitalization of $48.52 million, a P/E ratio of -4.07 and a beta of 1.44. The business has a 50-day moving average price of $0.90 and a 200 day moving average price of $1.15. Allied Gaming & Entertainment has a 1-year low of $0.61 and a 1-year high of $1.57.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment, Inc operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.