Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Up 79.9% in December

Motorsport Games Inc. (NASDAQ:MSGM) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 34,000 shares, an increase of 79.9% from the December 15th total of 18,900 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 32,900 shares, the short-interest ratio is presently 1.0 days.

Motorsport Games Stock Performance

Shares of MSGM traded down $0.02 during trading hours on Friday, hitting $1.37. 21,578 shares of the company were exchanged, compared to its average volume of 37,225. The firm’s 50 day moving average is $1.25 and its 200-day moving average is $1.44. Motorsport Games has a 52 week low of $1.01 and a 52 week high of $4.16. The company has a market cap of $5.16 million, a PE ratio of 0.85 and a beta of 2.03.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.