SharpLink Gaming Ltd (NASDAQ:SBET) Short Interest Up 224.7% in December

SharpLink Gaming Ltd (NASDAQ:SBET) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 263,300 shares, an increase of 224.7% from the December 15th total of 81,100 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 909,700 shares, the short-interest ratio is presently 0.3 days.

Shares of NASDAQ SBET opened at $1.79 on Friday. The firm’s fifty day moving average price is $2.75. SharpLink Gaming has a 1-year low of $1.74 and a 1-year high of $17.88.

A hedge fund recently bought a new stake in SharpLink Gaming stock. Geode Capital Management LLC acquired a new stake in shares of SharpLink Gaming Ltd (NASDAQ:SBET) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,828 shares of the company’s stock, valued at approximately $118,000. Geode Capital Management LLC owned 0.35% of SharpLink Gaming at the end of the most recent quarter.

About SharpLink Gaming

SharpLink Gaming Ltd. provides an online platform facilitating sports betting. It is a online technology company that connects sports fans, leagues and sports websites to relevant and timely sports betting content. The firm’s intelligent sports betting conversion and engagement technology delivers and determines the best sportsbook betting offers and experience for each identified user.

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