Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Down 6.2% in November

Gambling.com Group Limited (NASDAQ:GAMB) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 740,700 shares, a decline of 6.2% from the October 31st total of 789,700 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 167,400 shares, the days-to-cover ratio is currently 4.4 days.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAMB. Quarry LP boosted its position in shares of Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after buying an additional 11,446 shares during the period. Hsbc Holdings PLC purchased a new stake in Gambling.com Group in the 2nd quarter worth about $115,000. MetLife Investment Management LLC boosted its position in Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after acquiring an additional 6,519 shares during the period. American Century Companies Inc. boosted its position in Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after acquiring an additional 4,276 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares in the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Gambling.com Group Price Performance

NASDAQ GAMB opened at $13.64 on Wednesday. The stock’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $9.50. The company has a market cap of $507.68 million, a PE ratio of 17.49 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $13.67.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GAMB. Craig Hallum increased their target price on shares of Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Stifel Nicolaus boosted their target price on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie lifted their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Truist Financial restated a “buy” rating and issued a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has a consensus rating of “Buy” and a consensus price target of $15.00.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.