Short Interest in GameSquare Holdings, Inc. (NASDAQ:GAME) Expands By 131.1%

GameSquare Holdings, Inc. (NASDAQ:GAME) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,963,730 shares, a growth of 131.1% from the June 30th total of 3,445,514 shares. Approximately 8.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 949,622 shares, the short-interest ratio is currently 8.4 days.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen raised GameSquare to a “hold” rating in a research note on Saturday, April 25th. Zacks Research upgraded GameSquare from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. ThinkEquity started coverage on GameSquare in a report on Monday, June 8th. They set a “buy” rating on the stock. Finally, Weiss Ratings upgraded GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Insider Buying and Selling

In other GameSquare news, insider & Silver Ventures Ltd. Blue bought 620,100 shares of GameSquare stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $0.43 per share, for a total transaction of $266,643.00. Following the completion of the transaction, the insider directly owned 5,853,274 shares in the company, valued at $2,516,907.82. This represents a 11.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GameSquare

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in GameSquare by 353.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock worth $2,908,000 after purchasing an additional 3,339,080 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of GameSquare during the 3rd quarter valued at about $1,358,000. UBS Group AG increased its position in shares of 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 buying an additional 1,668,494 shares during the period. Jane Street Group LLC purchased a new position in shares of GameSquare during the fourth quarter valued at about $153,000. Finally, Geode Capital Management LLC raised its stake in GameSquare by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock worth $374,000 after buying an additional 138,361 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

GameSquare Stock Down 1.9%

Shares of NASDAQ GAME traded down $0.01 during midday trading on Wednesday, reaching $0.35. The company had a trading volume of 322,478 shares, compared to its average volume of 4,122,063. GameSquare has a one year low of $0.23 and a one year high of $1.09. The firm’s fifty day moving average price is $0.39 and its 200-day moving average price is $0.38. The stock has a market cap of $36.25 million, a PE ratio of -0.60 and a beta of 1.51.

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.