Super League Enterprise, Inc. (NASDAQ:SLE) Shares Shorted: Short Interest Down 44.4% in September

Super League Enterprise, Inc. (NASDAQ:SLE) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 52,304 shares, a decline of 44.4% from the September 15th total of 94,109 shares. Based on an average trading volume of 193,882 shares, the short-interest ratio is currently 0.3 days. Currently, 3.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research note on Thursday. ThinkEquity assumed coverage on shares of Super League Enterprise in a research report on Monday, June 29th. They issued a “buy” rating for the company. Finally, Wall Street Zen raised Super League Enterprise to a “hold” rating in a report on Saturday, October 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Super League Enterprise Price Performance

Shares of NASDAQ SLE traded down $0.16 during mid-day trading on Friday, hitting $4.49. The company’s stock had a trading volume of 55,491 shares, compared to its average volume of 709,205. Super League Enterprise has a one year low of $2.12 and a one year high of $42.48. The company’s fifty day simple moving average is $4.39 and its 200-day simple moving average is $3.82. The stock has a market cap of $7.61 million, a price-to-earnings ratio of -0.11 and a beta of 1.44.

Super League Enterprise (NASDAQ:SLE) last announced its quarterly earnings data on Friday, August 14th. The company reported ($2.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.42) by ($1.28). The business had revenue of $3.01 million during the quarter, compared to the consensus estimate of $3.40 million. Super League Enterprise had a negative net margin of 185.60% and a negative return on equity of 201.00%.

About Super League Enterprise

Super League Enterprise Corp. (NASDAQ: SLE) is a digital entertainment and technology company that develops interactive experiences across popular online gaming and virtual-world platforms. The company helps brands, advertisers and entertainment properties engage audiences through games, immersive environments, social experiences and other forms of user-generated digital content.

Its services include the design and operation of branded experiences, virtual events, in-game and platform-based advertising, content production, and audience engagement programs.