SharpLink Gaming, Inc. (NASDAQ:SBET) Short Interest Down 54.8% in February

SharpLink Gaming, Inc. (NASDAQ:SBET) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 61,100 shares, a decline of 54.8% from the February 13th total of 135,300 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SharpLink Gaming stock. Tallon Kerry Patrick purchased a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 42,663 shares of the company’s stock, valued at approximately $29,000. Tallon Kerry Patrick owned 1.19% of SharpLink Gaming at the end of the most recent quarter. Hedge funds and other institutional investors own 13.75% of the company’s stock.

SharpLink Gaming Stock Performance

Shares of NASDAQ SBET opened at $0.36 on Friday. SharpLink Gaming has a 52-week low of $0.33 and a 52-week high of $1.68. The stock’s fifty day simple moving average is $0.47 and its 200 day simple moving average is $0.63.

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.