Brera Holdings PLC (NASDAQ:SLMT) Short Interest Update

Brera Holdings PLC (NASDAQ:SLMT) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 321,879 shares, an increase of 63.6% from the June 30th total of 196,774 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 120,122 shares, the short-interest ratio is currently 2.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brera in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Brera has an average rating of “Sell”.

Insiders Place Their Bets

In related news, Director Keren Kalima Maimon acquired 1,149,000 shares of Brera stock in a transaction dated Thursday, May 21st. The stock was purchased at an average cost of $4.97 per share, for a total transaction of $5,710,530.00. Following the purchase, the director directly owned 1,336,868 shares of the company’s stock, valued at approximately $6,644,233.96. This trade represents a 611.60% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ron Sade acquired 1,149,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of $4.97 per share, for a total transaction of $5,710,530.00. Following the completion of the transaction, the chief executive officer owned 1,340,646 shares in the company, valued at approximately $6,663,010.62. This represents a 599.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On Brera

A number of institutional investors and hedge funds have recently made changes to their positions in SLMT. HighTower Advisors LLC purchased a new position in Brera in the fourth quarter worth about $28,000. Geode Capital Management LLC purchased a new position in Brera during the fourth quarter worth $95,000. State of Wyoming purchased a new stake in shares of Brera in the fourth quarter valued at $116,000. ARK Investment Management LLC purchased a new position in shares of Brera during the 4th quarter worth about $16,998,000. Finally, Aristides Capital LLC purchased a new stake in Brera in the 4th quarter worth about $166,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Brera Trading Up 11.6%

SLMT stock opened at $4.05 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.50 and a quick ratio of 3.50. The company’s fifty day moving average price is $10.78 and its 200-day moving average price is $71.69. Brera has a one year low of $3.61 and a one year high of $529.50.

Brera (NASDAQ:SLMT) last announced its quarterly earnings results on Saturday, May 16th. The company reported ($91.22) EPS for the quarter.

About Brera

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.