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

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 22,437 shares, a decrease of 47.8% from the April 15th total of 42,989 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 15,106 shares, the days-to-cover ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Super League Enterprise in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Hedge Funds Weigh In On Super League Enterprise

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empery Asset Management LP bought a new position in shares of Super League Enterprise in the 4th quarter worth $763,000. Mariner LLC bought a new position in Super League Enterprise in the 4th quarter valued at about $45,000. Finally, Bank of America Corp DE lifted its position in Super League Enterprise by 365,800.0% in the 3rd quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock valued at $49,000 after acquiring an additional 10,974 shares in the last quarter. Institutional investors own 2.06% of the company’s stock.

Super League Enterprise Stock Performance

Shares of Super League Enterprise stock traded up $1.97 on Friday, reaching $6.04. 45,437,646 shares of the company’s stock were exchanged, compared to its average volume of 12,459. The company has a market capitalization of $8.87 million, a P/E ratio of -0.03 and a beta of 1.53. Super League Enterprise has a 52 week low of $3.22 and a 52 week high of $139.01. The firm’s 50-day moving average is $4.12 and its two-hundred day moving average is $7.12.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings results on Friday, May 15th. The company reported ($1.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.92) by $0.15. The firm had revenue of $3.00 million for the quarter, compared to analysts’ expectations of $2.80 million. Super League Enterprise had a negative return on equity of 1,015.02% and a negative net margin of 177.80%.During the same period in the prior year, the business earned ($199.79) EPS. On average, analysts expect that Super League Enterprise will post -7.55 EPS for the current fiscal year.

Super League Enterprise Company Profile

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.