SharpLink Gaming, Inc. (NASDAQ:SBET) Sees Significant Decline in Short Interest

SharpLink Gaming, Inc. (NASDAQ:SBET) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 135,300 shares, a drop of 34.4% from the January 31st total of 206,100 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is presently 0.1 days.

SharpLink Gaming Price Performance

Shares of SharpLink Gaming stock opened at $0.37 on Friday. SharpLink Gaming has a 1 year low of $0.33 and a 1 year high of $1.68. The company’s fifty day moving average is $0.53 and its two-hundred day moving average is $0.65.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SharpLink Gaming stock. Value Base Ltd. acquired a new position in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming comprises about 0.0% of Value Base Ltd.’s investment portfolio, making the stock its 7th largest position. Value Base Ltd. owned approximately 2.03% of SharpLink Gaming as of its most recent filing with the SEC. Hedge funds and other institutional investors own 13.75% of the company’s stock.

About SharpLink Gaming

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.