Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 81,900 shares, a growth of 6.6% from the March 31st total of 76,800 shares. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 1.7 days. Currently, 2.1% of the shares of the company are sold short.

Allied Gaming & Entertainment Stock Performance

AGAE stock opened at $0.85 on Thursday. Allied Gaming & Entertainment has a one year low of $0.76 and a one year high of $1.50. The firm’s fifty day moving average is $0.92 and its 200 day moving average is $1.00. The firm has a market cap of $37.30 million, a PE ratio of -8.45 and a beta of 1.31.

Allied Gaming & Entertainment (NASDAQ:AGAE) last posted its earnings results on Tuesday, March 26th. The company reported $0.02 EPS for the quarter. The firm had revenue of $179.67 million for the quarter. Allied Gaming & Entertainment had a negative return on equity of 4.17% and a negative net margin of 46.98%.

Institutional Trading of Allied Gaming & Entertainment

A hedge fund recently bought a new stake in Allied Gaming & Entertainment stock. Kure Advisory LLC purchased a new position in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,457 shares of the company’s stock, valued at approximately $34,000. Kure Advisory LLC owned approximately 0.09% of Allied Gaming & Entertainment as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.