SharpLink Gaming, Inc. (NASDAQ:SBET) Sees Significant Growth in Short Interest

SharpLink Gaming, Inc. (NASDAQ:SBET) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 206,100 shares, an increase of 1,449.6% from the January 15th total of 13,300 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.9% of the company’s shares are sold short.

Institutional Trading of SharpLink Gaming

An institutional investor recently bought a new position in SharpLink Gaming stock. Value Base Ltd. bought a new stake in SharpLink Gaming, Inc. (NASDAQ:SBET) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming accounts for about 0.0% of Value Base Ltd.’s investment portfolio, making the stock its 7th biggest holding. Value Base Ltd. owned about 2.03% of SharpLink Gaming as of its most recent filing with the Securities & Exchange Commission. 13.75% of the stock is owned by institutional investors.

SharpLink Gaming Stock Performance

SBET stock opened at $0.52 on Thursday. SharpLink Gaming has a 52-week low of $0.33 and a 52-week high of $1.68. The stock’s fifty day simple moving average is $0.61 and its 200-day simple moving average is $0.67.

SharpLink Gaming Company Profile

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.