Short Interest in GAN Limited (NASDAQ:GAN) Increases By 107.8%

GAN Limited (NASDAQ:GAN) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 125,100 shares, a growth of 107.8% from the December 31st total of 60,200 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 206,700 shares, the days-to-cover ratio is presently 0.6 days.

GAN Trading Down 0.3 %

Shares of NASDAQ:GAN traded down $0.01 on Friday, hitting $1.89. The company had a trading volume of 168,404 shares, compared to its average volume of 179,700. The stock has a market cap of $85.90 million, a price-to-earnings ratio of -6.28 and a beta of 1.96. The stock has a 50 day moving average price of $1.84 and a 200 day moving average price of $1.77. GAN has a 1-year low of $1.17 and a 1-year high of $1.90.

GAN (NASDAQ:GAN) last released its quarterly earnings results on Friday, November 8th. The company reported $0.04 EPS for the quarter. The business had revenue of $37.10 million during the quarter.

Hedge Funds Weigh In On GAN

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAN. Ridgewood Investments LLC bought a new stake in GAN in the fourth quarter valued at $95,000. Oddo BHF Asset Management Sas acquired a new position in GAN during the 3rd quarter worth approximately $3,676,000. Geode Capital Management LLC boosted its holdings in GAN by 2.2% in the third quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock worth $774,000 after acquiring an additional 9,260 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of GAN by 3.0% during the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after acquiring an additional 22,700 shares in the last quarter. 16.67% of the stock is currently owned by institutional investors and hedge funds.

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.