Short Interest in Bragg Gaming Group Inc. (NASDAQ:BRAG) Rises By 7.6%

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 194,800 shares, a growth of 7.6% from the November 30th total of 181,000 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 62,300 shares, the short-interest ratio is presently 3.1 days.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued a $7.00 price target on shares of Bragg Gaming Group in a research report on Monday, October 14th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRAG. Dimensional Fund Advisors LP bought a new position in shares of Bragg Gaming Group in the second quarter worth $200,000. Marshall Wace LLP bought a new position in Bragg Gaming Group in the 2nd quarter worth about $77,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Bragg Gaming Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after acquiring an additional 36,100 shares in the last quarter. 4.04% of the stock is owned by institutional investors.

Bragg Gaming Group Trading Up 7.9 %

Shares of BRAG stock traded up $0.27 during trading hours on Wednesday, reaching $3.70. The stock had a trading volume of 118,810 shares, compared to its average volume of 50,822. The stock’s fifty day simple moving average is $3.77 and its 200 day simple moving average is $4.73. The firm has a market capitalization of $92.54 million, a PE ratio of -15.42 and a beta of 0.79. Bragg Gaming Group has a 12 month low of $2.86 and a 12 month high of $7.00.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.