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

Motorsport Games Inc. (NASDAQ:MSGM) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 34,000 shares, a growth of 79.9% from the December 15th total of 18,900 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 32,900 shares, the short-interest ratio is presently 1.0 days.

Motorsport Games Trading Down 1.4 %

NASDAQ:MSGM traded down $0.02 during mid-day trading on Friday, hitting $1.37. 21,578 shares of the company’s stock traded hands, compared to its average volume of 37,225. The firm has a 50 day moving average of $1.25 and a two-hundred day moving average of $1.44. The firm has a market capitalization of $5.16 million, a price-to-earnings ratio of 0.85 and a beta of 2.03. Motorsport Games has a 12 month low of $1.01 and a 12 month high of $4.16.

About Motorsport Games

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.