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

Motorsport Games Inc. (NASDAQ:MSGMGet Free Report) 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:MSGMFree Report) 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

(Get Free Report)

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.

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