Motorsport Games Inc. (NASDAQ:MSGM) Sees Significant Decrease in Short Interest

Motorsport Games Inc. (NASDAQ:MSGM) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 28,700 shares, a drop of 21.8% from the October 15th total of 36,700 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.8% of the company’s stock are short sold.

Motorsport Games Stock Down 9.6 %

Shares of Motorsport Games stock traded down $0.12 during midday trading on Friday, hitting $1.11. The company had a trading volume of 32,397 shares, compared to its average volume of 533,818. Motorsport Games has a 12-month low of $1.01 and a 12-month high of $4.16. The company has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.83. The stock has a market cap of $4.19 million, a price-to-earnings ratio of 0.69 and a beta of 2.06.

Motorsport Games Company Profile

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.