Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Down 9.5% in January

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 128,500 shares, a decline of 9.5% from the January 15th total of 142,000 shares. Based on an average trading volume of 27,100 shares, the short-interest ratio is currently 4.7 days. Currently, 1.3% of the shares of the stock are sold short.

Institutional Trading of Allied Gaming & Entertainment

An institutional investor recently raised its position in Allied Gaming & Entertainment stock. Geode Capital Management LLC increased its stake in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% during the third quarter, according to the company in its most recent disclosure 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 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 currently owned by institutional investors.

Allied Gaming & Entertainment Price Performance

Shares of NASDAQ:AGAE opened at $1.00 on Monday. The business’s 50 day moving average price is $0.91 and its 200-day moving average price is $1.12. The firm has a market capitalization of $43.89 million, a PE ratio of -3.69 and a beta of 1.44. 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.