SharpLink Gaming, Inc. (NASDAQ:SBET) Short Interest Down 34.4% in February

SharpLink Gaming, Inc. (NASDAQ:SBET) was the target of a significant 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. Based on an average daily trading volume, of 1,730,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

SharpLink Gaming Stock Up 16.2 %

Shares of NASDAQ:SBET traded up $0.06 during midday trading on Monday, reaching $0.43. The company had a trading volume of 5,644,089 shares, compared to its average volume of 2,100,542. The stock’s fifty day moving average price is $0.53 and its 200-day moving average price is $0.65. SharpLink Gaming has a one year low of $0.33 and a one year high of $1.68.

SharpLink Gaming Company Profile

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.