Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 98,700 shares, a decrease of 17.9% from the October 15th total of 120,200 shares. Based on an average daily volume of 36,200 shares, the short-interest ratio is presently 2.7 days. Currently, 1.0% of the company’s stock are short sold.

Allied Gaming & Entertainment Trading Up 0.9 %

Shares of AGAE opened at $1.14 on Friday. The firm has a market capitalization of $50.06 million, a price-to-earnings ratio of -4.20 and a beta of 1.38. The firm’s fifty day simple moving average is $1.28 and its 200-day simple moving average is $1.15. Allied Gaming & Entertainment has a twelve month low of $0.61 and a twelve month high of $1.57.

Allied Gaming & Entertainment (NASDAQ:AGAE) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $2.64 million during the quarter. Allied Gaming & Entertainment had a negative net margin of 79.30% and a negative return on equity of 7.27%.

Institutional Investors Weigh In On Allied Gaming & Entertainment

An institutional investor recently raised its position in Allied Gaming & Entertainment stock. Innealta Capital LLC raised its stake in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 100.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,582 shares of the company’s stock after purchasing an additional 58,791 shares during the period. Innealta Capital LLC owned 0.27% of Allied Gaming & Entertainment worth $119,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.21% of the company’s stock.

About Allied Gaming & Entertainment

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.