Super League Enterprise, Inc. (NASDAQ:SLE) Sees Significant Drop in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 73,400 shares, a decline of 34.8% from the October 15th total of 112,500 shares. Based on an average daily volume of 135,700 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the company’s shares are short sold.

Analyst Ratings Changes

Several research firms have weighed in on SLE. Maxim Group reduced their target price on Super League Enterprise from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, October 14th. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Super League Enterprise in a research report on Wednesday, October 2nd.

Institutional Investors Weigh In On Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Murchinson Ltd. purchased a new stake in shares of Super League Enterprise, Inc. (NASDAQ:SLE) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned about 3.84% of Super League Enterprise as of its most recent SEC filing. Institutional investors and hedge funds own 2.06% of the company’s stock.

Super League Enterprise Trading Down 23.3 %

SLE stock traded down $0.23 during midday trading on Friday, hitting $0.76. The company’s stock had a trading volume of 323,893 shares, compared to its average volume of 93,372. The firm’s 50-day moving average is $0.88 and its 200-day moving average is $1.06. Super League Enterprise has a 12 month low of $0.50 and a 12 month high of $2.84. The company has a market cap of $9.30 million, a PE ratio of -0.14 and a beta of 1.87.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.02. The firm had revenue of $4.12 million during the quarter, compared to analysts’ expectations of $5.41 million. Super League Enterprise had a negative return on equity of 254.70% and a negative net margin of 95.78%. Analysts expect that Super League Enterprise will post -1.3 earnings per share for the current year.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs.