Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Up 116.3% in June

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 36,380 shares, a growth of 116.3% from the May 31st total of 16,818 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily volume of 71,102 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Super League Enterprise

A number of large investors have recently added to or reduced their stakes in SLE. Bank of America Corp DE raised its holdings in shares of Super League Enterprise by 365,800.0% during the 3rd quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after acquiring an additional 10,974 shares in the last quarter. Empery Asset Management LP bought a new stake in Super League Enterprise in the fourth quarter worth $763,000. Finally, Mariner LLC purchased a new stake in Super League Enterprise during the fourth quarter valued at $45,000. Institutional investors own 2.06% of the company’s stock.

Super League Enterprise Stock Performance

Shares of NASDAQ SLE opened at $3.14 on Thursday. The company has a market cap of $5.06 million, a P/E ratio of -0.03 and a beta of 1.48. The firm’s fifty day moving average is $3.78 and its two-hundred day moving average is $4.88. Super League Enterprise has a 52-week low of $2.93 and a 52-week high of $137.16.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings data on Friday, May 15th. The company reported ($1.77) EPS for the quarter, beating the consensus estimate of ($1.92) by $0.15. Super League Enterprise had a negative net margin of 171.90% and a negative return on equity of 308.07%. The business had revenue of $3.00 million during the quarter, compared to the consensus estimate of $2.80 million. During the same quarter in the prior year, the firm earned ($199.79) EPS. As a group, analysts forecast that Super League Enterprise will post -8.76 EPS for the current fiscal year.

Analyst Ratings Changes

SLE has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Tuesday, April 21st. ThinkEquity started coverage on Super League Enterprise in a research report on Monday. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Super League Enterprise has a consensus rating of “Hold”.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.