SharpLink Gaming, Inc. (NASDAQ:SBET) Short Interest Up 1,724.9% in April

SharpLink Gaming, Inc. (NASDAQ:SBET) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 323,000 shares, an increase of 1,724.9% from the March 31st total of 17,700 shares. Currently, 5.3% of the shares of the stock are sold short. Based on an average daily volume of 1,900,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SharpLink Gaming stock. Value Base Ltd. acquired a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming comprises approximately 0.0% of Value Base Ltd.’s investment portfolio, making the stock its 7th biggest position. Value Base Ltd. owned approximately 2.03% of SharpLink Gaming as of its most recent SEC filing. 13.75% of the stock is owned by institutional investors.

SharpLink Gaming Price Performance

Shares of NASDAQ:SBET opened at $0.27 on Monday. SharpLink Gaming has a one year low of $0.19 and a one year high of $1.19. The company’s fifty day moving average price is $0.32 and its 200-day moving average price is $0.52.

SharpLink Gaming Company Profile

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.