Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Down 47.8% in April

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 22,437 shares, a drop of 47.8% from the April 15th total of 42,989 shares. Based on an average trading volume of 15,106 shares, the short-interest ratio is currently 1.5 days. Approximately 1.5% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On Super League Enterprise

A number of hedge funds have recently modified their holdings of SLE. Bank of America Corp DE raised its holdings in shares of Super League Enterprise by 365,800.0% in the 3rd quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after purchasing an additional 10,974 shares during the period. Empery Asset Management LP bought a new stake in shares of Super League Enterprise in the 4th quarter worth approximately $763,000. Finally, Mariner LLC bought a new stake in Super League Enterprise in the 4th quarter valued at about $45,000. Institutional investors own 2.06% of the company’s stock.

Super League Enterprise Stock Performance

Shares of Super League Enterprise stock traded up $1.97 during mid-day trading on Friday, hitting $6.04. 45,437,646 shares of the stock were exchanged, compared to its average volume of 12,459. Super League Enterprise has a 12 month low of $3.22 and a 12 month high of $139.01. The company has a 50-day simple moving average of $4.12 and a 200 day simple moving average of $7.12. The company has a market capitalization of $8.87 million, a P/E ratio of -0.03 and a beta of 1.53.

Super League Enterprise (NASDAQ:SLE) last released its earnings results on Friday, May 15th. The company reported ($1.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.92) by $0.15. The company had revenue of $3.00 million for the quarter, compared to analysts’ expectations of $2.80 million. Super League Enterprise had a negative return on equity of 1,015.02% and a negative net margin of 177.80%.During the same period in the previous year, the business posted ($199.79) EPS. Analysts predict that Super League Enterprise will post -7.55 EPS for the current year.

Super League Enterprise Company Profile

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. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.