SharpLink Gaming, Inc. (NASDAQ:SBET) Sees Large Drop in Short Interest

SharpLink Gaming, Inc. (NASDAQ:SBET) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 135,300 shares, a drop of 34.4% from the January 31st total of 206,100 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is presently 0.1 days. Currently, 2.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On SharpLink Gaming

A hedge fund recently bought a new stake in SharpLink Gaming stock. Tallon Kerry Patrick bought a new position in SharpLink Gaming, Inc. (NASDAQ:SBET) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 42,663 shares of the company’s stock, valued at approximately $29,000. Tallon Kerry Patrick owned about 1.19% of SharpLink Gaming at the end of the most recent reporting period. 13.75% of the stock is owned by institutional investors.

SharpLink Gaming Stock Performance

SharpLink Gaming stock traded down $0.02 during mid-day trading on Tuesday, reaching $0.41. The company had a trading volume of 722,646 shares, compared to its average volume of 2,069,119. The business has a fifty day simple moving average of $0.52 and a 200 day simple moving average of $0.65. SharpLink Gaming has a fifty-two week low of $0.33 and a fifty-two week high of $1.68.

About SharpLink Gaming

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.