Super League Enterprise, Inc. (NASDAQ:SLE) Sees Large Growth in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 120,400 shares, an increase of 176.8% from the March 31st total of 43,500 shares. Based on an average daily trading volume, of 73,300 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.5% of the shares of the company are sold short.

Super League Enterprise Stock Up 1.0 %

Shares of NASDAQ:SLE traded up $0.02 during mid-day trading on Friday, reaching $1.49. 11,803 shares of the stock were exchanged, compared to its average volume of 66,478. The stock’s 50 day simple moving average is $2.00 and its 200-day simple moving average is $1.78. Super League Enterprise has a one year low of $0.98 and a one year high of $14.00.

Super League Enterprise (NASDAQ:SLE) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($3.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.23) by ($2.24). Super League Enterprise had a negative net margin of 120.94% and a negative return on equity of 208.14%. The business had revenue of $9.51 million for the quarter, compared to analyst estimates of $9.40 million. On average, sell-side analysts expect that Super League Enterprise will post -3.18 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Super League Enterprise in a research report on Thursday, March 28th.

Super League Enterprise Company Profile

Super League Enterprise, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.