Short Interest in Motorsport Games Inc. (NASDAQ:MSGM) Rises By 102.8%

Motorsport Games Inc. (NASDAQ:MSGM) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 14,600 shares, an increase of 102.8% from the February 13th total of 7,200 shares. Based on an average daily trading volume, of 33,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.9% of the shares of the company are short sold.

Motorsport Games Price Performance

Shares of NASDAQ MSGM traded down $0.02 during trading hours on Friday, hitting $1.19. 5,515 shares of the stock were exchanged, compared to its average volume of 479,756. The company’s 50 day moving average is $1.33 and its 200 day moving average is $1.28. The firm has a market capitalization of $4.49 million, a P/E ratio of 0.73 and a beta of 2.06. Motorsport Games has a one year low of $1.01 and a one year high of $4.16.

Institutional Trading of Motorsport Games

An institutional investor recently bought a new position in Motorsport Games stock. Citadel Advisors LLC acquired a new position in shares of Motorsport Games Inc. (NASDAQ:MSGM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.58% of Motorsport Games at the end of the most recent quarter. Institutional investors and hedge funds own 1.66% of the company’s stock.

Motorsport Games Company Profile

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.