Short Interest in Brera Holdings PLC (NASDAQ:SLMT) Decreases By 81.9%

Brera Holdings PLC (NASDAQ:SLMT) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 497,070 shares, a decrease of 81.9% from the April 30th total of 2,744,565 shares. Currently, 6.1% of the shares of the stock are sold short. Based on an average daily volume of 84,674 shares, the days-to-cover ratio is currently 5.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC bought a new position in Brera in the fourth quarter valued at $16,998,000. Electric Capital Partners LLC bought a new position in Brera in the fourth quarter valued at $12,155,000. Anatole Investment Management Ltd bought a new position in Brera in the fourth quarter valued at $10,389,000. Alyeska Investment Group L.P. bought a new position in Brera in the fourth quarter valued at $5,293,000. Finally, Arrington Capital Management LLC bought a new position in Brera in the fourth quarter valued at $2,055,000. Institutional investors own 68.26% of the company’s stock.

Brera Trading Up 3.9%

Brera stock opened at $6.41 on Thursday. Brera has a fifty-two week low of $4.28 and a fifty-two week high of $529.50. The firm’s fifty day moving average price is $7.39 and its 200-day moving average price is $17.13. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02.

Brera shares are going to reverse split on Friday, May 29th. The 1-10 reverse split was announced on Tuesday, April 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, May 28th.

Brera (NASDAQ:SLMT) last released its quarterly earnings results on Saturday, May 16th. The company reported ($91.59) earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brera in a report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Brera presently has an average rating of “Sell”.

About Brera

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.