Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Up 51.7% in November

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 149,700 shares, a growth of 51.7% from the October 31st total of 98,700 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is currently 5.0 days.

Allied Gaming & Entertainment Stock Performance

Shares of NASDAQ AGAE opened at $1.01 on Friday. Allied Gaming & Entertainment has a fifty-two week low of $0.61 and a fifty-two week high of $1.57. The stock has a market cap of $44.55 million, a PE ratio of -3.74 and a beta of 1.38. The stock has a fifty day moving average of $1.20 and a 200-day moving average of $1.17.

Institutional Trading of Allied Gaming & Entertainment

An institutional investor recently raised its position in Allied Gaming & Entertainment stock. Geode Capital Management LLC grew its stake in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 216,856 shares of the company’s stock after buying an additional 35,385 shares during the quarter. Geode Capital Management LLC owned 0.49% of Allied Gaming & Entertainment worth $297,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.