Short Interest in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Expands By 21.8%

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 143,000 shares, a growth of 21.8% from the February 13th total of 117,400 shares. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is currently 5.4 days. Approximately 1.5% of the company’s stock are short sold.

Institutional Trading of Allied Gaming & Entertainment

An institutional investor recently raised its position in Allied Gaming & Entertainment stock. Geode Capital Management LLC raised its holdings in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,856 shares of the company’s stock after purchasing an additional 35,385 shares during the quarter. Geode Capital Management LLC owned 0.49% of Allied Gaming & Entertainment worth $297,000 as of its most recent SEC filing. 3.21% of the stock is owned by institutional investors.

Allied Gaming & Entertainment Trading Up 0.3 %

Shares of AGAE stock opened at $1.10 on Tuesday. The firm has a market capitalization of $48.52 million, a PE ratio of -4.07 and a beta of 1.48. The firm has a fifty day simple moving average of $1.02 and a two-hundred day simple moving average of $1.09. Allied Gaming & Entertainment has a 12 month low of $0.61 and a 12 month 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.