Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Update

Motorsport Games Inc. (NASDAQ:MSGM) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 16,234 shares, a drop of 49.6% from the November 30th total of 32,223 shares. Based on an average daily volume of 61,761 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 61,761 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Motorsport Games presently has an average rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Motorsport Games stock. Dimensional Fund Advisors LP purchased a new stake in shares of Motorsport Games Inc. (NASDAQ:MSGM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,814 shares of the company’s stock, valued at approximately $46,000. Dimensional Fund Advisors LP owned 0.29% of Motorsport Games as of its most recent SEC filing. Hedge funds and other institutional investors own 1.66% of the company’s stock.

Motorsport Games Price Performance

Motorsport Games stock traded down $0.01 during midday trading on Friday, reaching $3.16. 34,939 shares of the company traded hands, compared to its average volume of 66,499. The firm has a market capitalization of $18.26 million, a price-to-earnings ratio of 7.90 and a beta of 1.77. The business has a 50 day moving average of $2.79 and a two-hundred day moving average of $2.90. Motorsport Games has a 12 month low of $0.73 and a 12 month high of $5.41.

Motorsport Games (NASDAQ:MSGM) last posted its earnings results on Thursday, November 6th. The company reported $0.14 EPS for the quarter. The business had revenue of $3.10 million during the quarter. Motorsport Games had a net margin of 34.24% and a return on equity of 86.01%.

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).