Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Up 55.3% in January

Motorsport Games Inc. (NASDAQ:MSGM) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 60,256 shares, an increase of 55.3% from the January 15th total of 38,807 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 92,276 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 92,276 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Motorsport Games to a “buy” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Motorsport Games

Several institutional investors and hedge funds have recently bought and sold shares of the business. HRT Financial LP acquired a new position in Motorsport Games in the fourth quarter valued at approximately $37,000. State Street Corp acquired a new stake in Motorsport Games in the 4th quarter valued at approximately $39,000. Dimensional Fund Advisors LP acquired a new stake in Motorsport Games in the third quarter worth about $46,000. Finally, Heron Bay Capital Management bought a new position in shares of Motorsport Games in the second quarter valued at approximately $132,000. Institutional investors and hedge funds own 1.66% of the company’s stock.

Motorsport Games Trading Down 0.9%

MSGM stock traded down $0.03 during midday trading on Monday, hitting $3.22. 27,244 shares of the company’s stock were exchanged, compared to its average volume of 64,308. Motorsport Games has a 12-month low of $0.73 and a 12-month high of $5.41. The stock has a market capitalization of $18.61 million, a price-to-earnings ratio of 8.05 and a beta of 1.76. The firm has a 50 day moving average price of $3.34 and a 200-day moving average price of $3.00.

Motorsport Games Company Profile

Motorsport Games, Inc is a publicly traded developer and publisher of interactive motorsport entertainment, headquartered in Miami, Florida. The company specializes in creating officially licensed racing simulation titles and managing associated esports competitions. By focusing exclusively on the motorsport genre, Motorsport Games aims to deliver authentic digital experiences that mirror the rules, tracks and vehicles of real-world racing series.

The company’s core activities include the development of video games under licenses from major sanctioning bodies such as NASCAR, the Fédération Internationale de l’Automobile (FIA) and International Motor Sports Association (IMSA).