Short Interest in Brera Holdings PLC (NASDAQ:SLMT) Decreases By 81.9%

Brera Holdings PLC (NASDAQ:SLMT) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 497,070 shares, a decrease of 81.9% from the April 30th total of 2,744,565 shares. Based on an average daily volume of 84,674 shares, the short-interest ratio is currently 5.9 days. Approximately 6.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Brera

Several institutional investors have recently made changes to their positions in SLMT. HighTower Advisors LLC purchased a new stake in shares of Brera during the fourth quarter worth $28,000. Millennium Management LLC purchased a new stake in shares of Brera during the fourth quarter worth $41,000. Engineers Gate Manager LP purchased a new stake in shares of Brera during the fourth quarter worth $62,000. PEAK6 LLC purchased a new stake in shares of Brera during the fourth quarter worth $93,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Brera during the fourth quarter worth $95,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brera in a research note on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Brera Stock Performance

NASDAQ:SLMT opened at $6.41 on Thursday. The stock’s fifty day moving average price is $7.39 and its two-hundred day moving average price is $17.13. Brera has a 1 year low of $4.28 and a 1 year high of $529.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50.

Shares of Brera are set to reverse split on Friday, May 29th. The 1-10 reverse split was announced on Tuesday, April 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, May 28th.

Brera (NASDAQ:SLMT) last posted its earnings results on Saturday, May 16th. The company reported ($91.59) earnings per share (EPS) for the quarter.

About Brera

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.