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

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 118,000 shares, a growth of 7.0% from the December 31st total of 110,300 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is presently 4.1 days.

Hedge Funds Weigh In On Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Geode Capital Management LLC boosted its stake in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,856 shares of the company’s stock after purchasing an additional 35,385 shares during the quarter. Geode Capital Management LLC owned about 0.49% of Allied Gaming & Entertainment worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.21% of the stock is currently owned by hedge funds and other institutional investors.

Allied Gaming & Entertainment Stock Performance

AGAE stock opened at $1.12 on Monday. The firm has a 50 day moving average of $0.90 and a 200-day moving average of $1.15. Allied Gaming & Entertainment has a 12 month low of $0.61 and a 12 month high of $1.57.

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.