Short Interest in Brag House Holdings, Inc. (NASDAQ:TBH) Decreases By 75.3%

Brag House Holdings, Inc. (NASDAQ:TBH) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 151,804 shares, a drop of 75.3% from the May 31st total of 614,612 shares. Based on an average daily volume of 114,149 shares, the short-interest ratio is currently 1.3 days. Currently, 4.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Brag House

An institutional investor recently bought a new position in Brag House stock. Millennium Management LLC bought a new stake in Brag House Holdings, Inc. (NASDAQ:TBH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 172,718 shares of the company’s stock, valued at approximately $69,000. Millennium Management LLC owned about 0.82% of Brag House at the end of the most recent quarter.

Brag House Stock Performance

Shares of TBH traded up $0.01 during trading hours on Monday, hitting $4.02. The company had a trading volume of 20,736 shares, compared to its average volume of 81,514. The stock has a fifty day moving average price of $5.00. The stock has a market capitalization of $13.59 million, a price-to-earnings ratio of -0.33 and a beta of 10.74. Brag House has a 12 month low of $1.70 and a 12 month high of $19.49.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TBH shares. Wall Street Zen raised Brag House from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brag House in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Brag House Company Profile

Brag House offers an integrated electronic video game sports, or esports, platform designed for casual gamers and their friends to experience the fun, passion, intensity and excitement of college sports rivalries in an organic, inclusive and personalized gaming environment, while creating authentic pathway for brands to connect with our Generation Z (“Gen Z”) audience. The vision for Brag House began with our founders — co-founder and Chief Executive Officer Lavell Juan Malloy, II and co-founder, Chief Operating Officer and Interim Chief Financial Officer Daniel Leibovich — who recognized a need in the gaming industry for an esports platform focused on the casual college gamer.