Super League Enterprise, Inc. (NASDAQ:SLE) Sees Significant Growth in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 251,856 shares, a growth of 625.6% from the November 30th total of 34,712 shares. Based on an average daily volume of 286,208 shares, the short-interest ratio is currently 0.9 days. Approximately 2.2% of the company’s shares are short sold. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 286,208 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SLE shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research report on Wednesday, October 8th. Aegis started coverage on Super League Enterprise in a research note on Monday, November 10th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Super League Enterprise Price Performance

NASDAQ:SLE traded up $0.04 during mid-day trading on Wednesday, reaching $0.61. 228,492 shares of the company’s stock traded hands, compared to its average volume of 647,682. The company has a 50 day moving average price of $1.33 and a 200-day moving average price of $3.26. The firm has a market capitalization of $7.11 million, a price-to-earnings ratio of -0.02 and a beta of 1.94. Super League Enterprise has a 12-month low of $0.55 and a 12-month high of $33.20.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings data on Friday, November 14th. The company reported ($2.30) earnings per share for the quarter, topping the consensus estimate of ($2.83) by $0.53. Super League Enterprise had a negative return on equity of 1,169.11% and a negative net margin of 130.97%.The business had revenue of $2.42 million during the quarter, compared to analysts’ expectations of $3.40 million. As a group, analysts forecast that Super League Enterprise will post -2.16 EPS for the current year.

Institutional Investors Weigh In On Super League Enterprise

An institutional investor recently raised its position in Super League Enterprise stock. Bank of America Corp DE grew its stake in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 365,800.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,977 shares of the company’s stock after purchasing an additional 10,974 shares during the period. Bank of America Corp DE owned approximately 0.80% of Super League Enterprise worth $49,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 2.06% of the company’s stock.

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.