Bragg Gaming Group Inc. (NASDAQ:BRAG) Short Interest Update

Bragg Gaming Group Inc. (NASDAQ:BRAG) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 86,800 shares, a growth of 11.7% from the September 30th total of 77,700 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 35,300 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued a $7.00 price objective on shares of Bragg Gaming Group in a report on Monday, October 14th.

Hedge Funds Weigh In On Bragg Gaming Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in Bragg Gaming Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after acquiring an additional 36,100 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Bragg Gaming Group during the second quarter worth $200,000. Finally, Marshall Wace LLP acquired a new position in shares of Bragg Gaming Group during the second quarter worth $77,000. Institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Price Performance

Bragg Gaming Group stock traded down $0.05 during midday trading on Wednesday, hitting $4.73. The company’s stock had a trading volume of 4,800 shares, compared to its average volume of 44,278. The company has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $5.47. Bragg Gaming Group has a 1-year low of $4.11 and a 1-year high of $7.00. The company has a market cap of $117.99 million, a price-to-earnings ratio of -19.92 and a beta of 0.92.

Bragg Gaming Group (NASDAQ:BRAG) last released its earnings results on Thursday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter. Bragg Gaming Group had a negative return on equity of 11.42% and a negative net margin of 8.51%. The company had revenue of $26.76 million for the quarter. Sell-side analysts forecast that Bragg Gaming Group will post -0.15 EPS for the current year.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.