SharpLink Gaming, Inc. (NASDAQ:SBET) Short Interest Down 54.8% in February

SharpLink Gaming, Inc. (NASDAQ:SBET) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 61,100 shares, a decrease of 54.8% from the February 13th total of 135,300 shares. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.2% of the company’s stock are short sold.

SharpLink Gaming Price Performance

SharpLink Gaming stock opened at $0.36 on Friday. SharpLink Gaming has a 12 month low of $0.33 and a 12 month high of $1.68. The stock has a fifty day simple moving average of $0.47 and a two-hundred day simple moving average of $0.63.

Institutional Investors Weigh In On SharpLink Gaming

A hedge fund recently bought a new stake in SharpLink Gaming stock. Value Base Ltd. purchased a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming comprises about 0.0% of Value Base Ltd.’s portfolio, making the stock its 7th biggest holding. Value Base Ltd. owned about 2.03% of SharpLink Gaming as of its most recent SEC filing. Hedge funds and other institutional investors own 13.75% of the company’s stock.

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.