High Roller Technologies, Inc. (NYSEAMERICAN:ROLR) Shares Shorted: Short Interest Down 43.8% in October

High Roller Technologies, Inc. (NYSEAMERICAN:ROLR) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 50,522 shares, a decrease of 43.8% from the September 30th total of 89,906 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 36,337 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners initiated coverage on shares of High Roller Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, High Roller Technologies currently has an average rating of “Buy” and an average price target of $20.00.

Insiders Place Their Bets

In related news, Director Daniel Waldemar Bradtke sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $6.16, for a total transaction of $30,800.00. Following the sale, the director owned 29,979 shares of the company’s stock, valued at $184,670.64. This trade represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ROLR. BlackRock Inc. acquired a new stake in High Roller Technologies in the second quarter worth about $609,000. Renaissance Technologies LLC purchased a new stake in shares of High Roller Technologies during the first quarter worth about $222,000. Finally, Balefire LLC purchased a new stake in shares of High Roller Technologies during the second quarter worth about $59,000.

High Roller Technologies Price Performance

NYSEAMERICAN ROLR traded down $0.19 on Monday, hitting $3.41. The stock had a trading volume of 46,748 shares, compared to its average volume of 61,909. The business’s fifty day moving average price is $5.42 and its 200 day moving average price is $5.84. High Roller Technologies has a 52-week low of $1.16 and a 52-week high of $33.68.

High Roller Technologies (NYSEAMERICAN:ROLR) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter. High Roller Technologies had a negative return on equity of 2.57% and a net margin of 10.83%. The business had revenue of $2.81 million for the quarter.

About High Roller Technologies

High Roller Technologies, Inc is an online gaming company that operates real-money casino platforms and related digital gaming services. Its business is focused on providing customers with internet-based casino games, including slots, table games and live-dealer experiences, through its online brands.

The company operates brands including High Roller Casino and 777 Casino, offering a range of gaming products designed for desktop and mobile users. Its platforms generally support multiple payment methods and are intended to provide access to online casino entertainment in markets where the company is licensed or otherwise permitted to operate.

High Roller Technologies serves customers in international markets, with operations subject to applicable gaming regulations, licensing requirements and jurisdictional restrictions.