Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Up 52.4% in December

Motorsport Games Inc. (NASDAQ:MSGM) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 24,735 shares, an increase of 52.4% from the December 15th total of 16,234 shares. Based on an average daily volume of 71,513 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 71,513 shares, the days-to-cover ratio is presently 0.3 days.

Motorsport Games Stock Performance

Shares of MSGM traded down $0.08 on Friday, hitting $3.32. 34,755 shares of the stock traded hands, compared to its average volume of 85,284. Motorsport Games has a one year low of $0.73 and a one year high of $5.41. The company has a market capitalization of $19.19 million, a PE ratio of 8.30 and a beta of 1.76. The business has a 50 day simple moving average of $3.01 and a 200 day simple moving average of $2.94.

Motorsport Games (NASDAQ:MSGM) last issued its earnings results on Thursday, November 6th. The company reported $0.14 EPS for the quarter. The business had revenue of $3.10 million for the quarter. Motorsport Games had a return on equity of 86.01% and a net margin of 34.24%.

Institutional Investors Weigh In On Motorsport Games

An institutional investor recently bought a new position in Motorsport Games stock. Dimensional Fund Advisors LP bought a new stake in shares of Motorsport Games Inc. (NASDAQ:MSGM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,814 shares of the company’s stock, valued at approximately $46,000. Dimensional Fund Advisors LP owned 0.29% of Motorsport Games as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Motorsport Games Company Profile

Motorsport Games, Inc is a publicly traded developer and publisher of interactive motorsport entertainment, headquartered in Miami, Florida. The company specializes in creating officially licensed racing simulation titles and managing associated esports competitions. By focusing exclusively on the motorsport genre, Motorsport Games aims to deliver authentic digital experiences that mirror the rules, tracks and vehicles of real-world racing series.

The company’s core activities include the development of video games under licenses from major sanctioning bodies such as NASCAR, the Fédération Internationale de l’Automobile (FIA) and International Motor Sports Association (IMSA).