GAN Limited (NASDAQ:GAN) Short Interest Up 49.9% in December

GAN Limited (NASDAQ:GAN) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 98,200 shares, an increase of 49.9% from the November 30th total of 65,500 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 200,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of GAN in the second quarter worth approximately $479,000. Geode Capital Management LLC raised its stake in GAN by 2.2% during the third quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock worth $774,000 after purchasing an additional 9,260 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of GAN by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after purchasing an additional 22,700 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of GAN during the 3rd quarter valued at $3,676,000. Hedge funds and other institutional investors own 16.67% of the company’s stock.

GAN Trading Down 0.3 %

Shares of GAN stock traded down $0.01 during mid-day trading on Monday, reaching $1.83. The stock had a trading volume of 145,615 shares, compared to its average volume of 176,118. GAN has a 12-month low of $1.17 and a 12-month high of $1.87. The business has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.70. The company has a market cap of $83.17 million, a P/E ratio of -6.08 and a beta of 1.99.

GAN (NASDAQ:GAN) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $37.10 million for the quarter.

About GAN

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.