Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Update

Motorsport Games Inc. (NASDAQ:MSGM) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 9,800 shares, a decline of 32.9% from the February 28th total of 14,600 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Motorsport Games

An institutional investor recently bought a new position in Motorsport Games stock. Citadel Advisors LLC acquired a new stake in Motorsport Games Inc. (NASDAQ:MSGM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.58% of Motorsport Games as of its most recent SEC filing. Institutional investors own 1.66% of the company’s stock.

Motorsport Games Price Performance

NASDAQ:MSGM traded down $0.06 during mid-day trading on Monday, hitting $1.05. 21,406 shares of the company’s stock were exchanged, compared to its average volume of 480,736. Motorsport Games has a one year low of $1.01 and a one year high of $4.16. The company has a market cap of $3.96 million, a PE ratio of 0.65 and a beta of 2.06. The business has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.28.

Motorsport Games (NASDAQ:MSGM) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.41). Motorsport Games had a return on equity of 215.50% and a net margin of 52.74%. The business had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $3.30 million. During the same quarter in the prior year, the firm earned $0.97 EPS.

Motorsport Games Company Profile

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.