GAN Limited (NASDAQ:GAN) Short Interest Update

GAN Limited (NASDAQ:GAN) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 123,600 shares, an increase of 67.3% from the February 13th total of 73,900 shares. Based on an average daily trading volume, of 244,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GAN. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of GAN in the 4th quarter valued at approximately $36,000. Jane Street Group LLC purchased a new position in shares of GAN in the 4th quarter valued at approximately $55,000. AssuredPartners Investment Advisors LLC purchased a new position in shares of GAN in the 4th quarter valued at approximately $62,000. Ridgewood Investments LLC purchased a new position in shares of GAN in the 4th quarter valued at approximately $95,000. Finally, Rangeley Capital LLC purchased a new position in shares of GAN in the 4th quarter valued at approximately $182,000. 16.67% of the stock is currently owned by hedge funds and other institutional investors.

GAN Stock Down 0.6 %

GAN traded down $0.01 during trading on Friday, hitting $1.77. 97,195 shares of the stock were exchanged, compared to its average volume of 179,074. The firm has a market capitalization of $80.66 million, a P/E ratio of -5.90 and a beta of 1.96. GAN has a 1-year low of $1.17 and a 1-year high of $1.90. The stock has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $1.80.

GAN (NASDAQ:GAN) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $31.69 million during the quarter, compared to the consensus estimate of $41.11 million. During the same quarter last year, the business posted ($0.21) earnings per share.

GAN Company Profile

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.