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

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

Brera Stock Performance

SLMT traded down $0.37 during trading on Friday, hitting $5.77. The company’s stock had a trading volume of 50,893 shares, compared to its average volume of 94,206. The firm’s 50 day moving average price is $7.32 and its two-hundred day moving average price is $16.63. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.02. Brera has a 12 month low of $4.28 and a 12 month high of $529.50.

Brera (NASDAQ:SLMT) last issued its quarterly earnings data on Saturday, May 16th. The company reported ($915.90) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a report on Friday, April 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Brera

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in shares of Brera during the fourth quarter worth $41,000. Engineers Gate Manager LP bought a new stake in shares of Brera during the fourth quarter worth $62,000. PEAK6 LLC bought a new stake in shares of Brera during the fourth quarter worth $93,000. HRT Financial LP acquired a new stake in shares of Brera during the fourth quarter worth $134,000. Finally, State of Wyoming acquired a new stake in shares of Brera during the fourth quarter worth $116,000. Institutional investors own 68.26% of the company’s stock.

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.