GameSquare Holdings, Inc. (NASDAQ:GAME) Short Interest Down 25.5% in December

GameSquare Holdings, Inc. (NASDAQ:GAME) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 4,029,642 shares, a decrease of 25.5% from the December 15th total of 5,411,531 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average trading volume of 1,464,345 shares, the days-to-cover ratio is presently 2.8 days. Based on an average trading volume of 1,464,345 shares, the days-to-cover ratio is presently 2.8 days. Approximately 4.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On GameSquare

A number of institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of GameSquare during the 2nd quarter valued at approximately $108,000. Vanguard Group Inc. lifted its stake in GameSquare by 353.8% in the third quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock valued at $2,908,000 after purchasing an additional 3,339,080 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in GameSquare during the third quarter valued at $1,358,000. UBS Group AG grew its holdings in GameSquare by 275,329.0% during the third quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock valued at $1,133,000 after purchasing an additional 1,668,494 shares during the period. Finally, Geode Capital Management LLC increased its position in GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock worth $186,000 after buying an additional 41,196 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

GameSquare Stock Down 1.0%

GameSquare stock traded down $0.00 during mid-day trading on Friday, hitting $0.44. 351,399 shares of the stock were exchanged, compared to its average volume of 1,181,386. The stock has a market capitalization of $43.40 million, a price-to-earnings ratio of -0.42 and a beta of 0.77. GameSquare has a 12 month low of $0.37 and a 12 month high of $2.87. The firm’s fifty day simple moving average is $0.48 and its two-hundred day simple moving average is $0.75.

GameSquare (NASDAQ:GAME) last posted its quarterly earnings data on Thursday, November 13th. The entertainment company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). GameSquare had a negative return on equity of 168.15% and a negative net margin of 49.30%.The firm had revenue of $11.31 million during the quarter, compared to analyst estimates of $26.80 million.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GAME shares. Wall Street Zen downgraded GameSquare from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (e+)” rating on shares of GameSquare in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

GameSquare Company Profile

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.