Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Update

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 48,554 shares, a decrease of 80.7% from the December 15th total of 251,856 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 280,556 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 280,556 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Super League Enterprise

An institutional investor recently raised its position in Super League Enterprise stock. Bank of America Corp DE raised its position in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 365,800.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,977 shares of the company’s stock after buying an additional 10,974 shares during the period. Bank of America Corp DE owned about 0.80% of Super League Enterprise worth $49,000 at the end of the most recent reporting period. 2.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SLE. Aegis initiated coverage on Super League Enterprise in a report on Monday, November 10th. They set a “buy” rating on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Super League Enterprise Trading Up 2.1%

NASDAQ SLE opened at $0.68 on Tuesday. The firm has a market cap of $7.90 million, a PE ratio of -0.02 and a beta of 1.85. Super League Enterprise has a 1-year low of $0.53 and a 1-year high of $27.58. The stock has a 50-day moving average of $0.85 and a 200-day moving average of $2.87.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings results on Friday, November 14th. The company reported ($2.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.83) by $0.53. The company had revenue of $2.42 million for the quarter, compared to the consensus estimate of $3.40 million. As a group, equities research analysts forecast that Super League Enterprise will post -2.16 earnings per share 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.