Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 143,000 shares, a growth of 21.8% from the February 13th total of 117,400 shares. Based on an average trading volume of 26,400 shares, the days-to-cover ratio is presently 5.4 days. Currently, 1.5% of the company’s stock are sold short.

Allied Gaming & Entertainment Trading Up 0.9 %

AGAE opened at $1.10 on Wednesday. The firm has a market cap of $48.52 million, a price-to-earnings ratio of -4.07 and a beta of 1.48. Allied Gaming & Entertainment has a 12 month low of $0.61 and a 12 month high of $1.57. The stock has a fifty day moving average price of $1.02 and a 200-day moving average price of $1.09.

Hedge Funds Weigh In On Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Geode Capital Management LLC lifted its position in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 216,856 shares of the company’s stock after buying an additional 35,385 shares during the period. Geode Capital Management LLC owned approximately 0.49% of Allied Gaming & Entertainment worth $297,000 as of its most recent SEC filing. 3.21% of the stock is owned by institutional investors and hedge funds.

About Allied Gaming & Entertainment

Allied Gaming & Entertainment, Inc operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.