Short Interest in Bragg Gaming Group Inc. (NASDAQ:BRAG) Expands By 7.6%

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 194,800 shares, a growth of 7.6% from the November 30th total of 181,000 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 62,300 shares, the short-interest ratio is presently 3.1 days.

Bragg Gaming Group Trading Up 7.9 %

BRAG stock opened at $3.70 on Thursday. Bragg Gaming Group has a one year low of $2.86 and a one year high of $7.00. The firm has a 50-day moving average of $3.77 and a two-hundred day moving average of $4.73. The firm has a market capitalization of $92.54 million, a PE ratio of -15.42 and a beta of 0.79.

Institutional Investors Weigh In On Bragg Gaming Group

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Bragg Gaming Group in the 2nd quarter worth about $77,000. Dimensional Fund Advisors LP acquired a new position in shares of Bragg Gaming Group in the 2nd quarter valued at about $200,000. Finally, Renaissance Technologies LLC lifted its position in shares of Bragg Gaming Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after purchasing an additional 36,100 shares in the last quarter. Hedge funds and other institutional investors own 4.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and issued a $7.00 target price on shares of Bragg Gaming Group in a report on Monday, October 14th.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.