Short Interest in Brera Holdings PLC (NASDAQ:SLMT) Declines By 50.0%

Brera Holdings PLC (NASDAQ:SLMT) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 248,299 shares, a decline of 50.0% from the May 14th total of 497,070 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 166,897 shares, the days-to-cover ratio is presently 1.5 days.

Brera Trading Down 9.1%

Shares of Brera stock traded down $0.44 during trading on Friday, reaching $4.39. The company’s stock had a trading volume of 125,505 shares, compared to its average volume of 133,855. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02. Brera has a 12-month low of $4.28 and a 12-month high of $529.50. The business has a 50 day moving average price of $56.64 and a 200-day moving average price of $123.46.

Brera (NASDAQ:SLMT) last posted its quarterly earnings results on Saturday, May 16th. The company reported ($915.90) earnings per share for the quarter. The company had revenue of $2.47 million during the quarter.

Insider Activity at Brera

In other news, Director Keren Kalima Maimon purchased 1,149,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the completion of the transaction, the director directly owned 1,336,868 shares in the company, valued at approximately $6,644,233.96. This represents a 611.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ron Sade purchased 1,149,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $4.97 per share, for a total transaction of $5,710,530.00. Following the transaction, the chief executive officer owned 1,340,646 shares of the company’s stock, valued at $6,663,010.62. This trade represents a 599.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Trading of Brera

A number of institutional investors have recently bought and sold shares of SLMT. HighTower Advisors LLC purchased a new stake in Brera during the fourth quarter worth $28,000. Millennium Management LLC purchased a new stake in Brera during the fourth quarter worth $41,000. Engineers Gate Manager LP purchased a new stake in Brera during the fourth quarter worth $62,000. PEAK6 LLC purchased a new stake in Brera during the fourth quarter worth $93,000. Finally, Geode Capital Management LLC purchased a new stake in Brera during the fourth quarter worth $95,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brera in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Brera has an average rating of “Sell”.

About Brera

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.