Short Interest in Bragg Gaming Group Inc. (NASDAQ:BRAG) Grows By 108.3%

Bragg Gaming Group Inc. (NASDAQ:BRAG) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 181,000 shares, a growth of 108.3% from the March 31st total of 86,900 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 60,900 shares, the days-to-cover ratio is currently 3.0 days.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “speculative buy” rating and issued a $8.00 price target on shares of Bragg Gaming Group in a report on Wednesday, April 3rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bragg Gaming Group stock. Oasis Management Co Ltd. acquired a new stake in Bragg Gaming Group Inc. (NASDAQ:BRAG) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 16,100 shares of the company’s stock, valued at approximately $82,000. Oasis Management Co Ltd. owned approximately 0.07% of Bragg Gaming Group at the end of the most recent quarter. 4.04% of the stock is owned by institutional investors.

Bragg Gaming Group Trading Up 0.2 %

Shares of NASDAQ:BRAG traded up $0.01 during mid-day trading on Friday, reaching $6.07. The company had a trading volume of 16,754 shares, compared to its average volume of 53,420. The company’s 50-day moving average price is $5.69 and its 200-day moving average price is $5.23. Bragg Gaming Group has a one year low of $2.92 and a one year high of $7.00.

Bragg Gaming Group (NASDAQ:BRAG) last released its quarterly earnings data on Tuesday, March 26th. The company reported ($0.03) earnings per share for the quarter. Bragg Gaming Group had a negative net margin of 4.11% and a negative return on equity of 5.40%. The business had revenue of $25.15 million during the quarter. Sell-side analysts expect that Bragg Gaming Group will post -0.01 earnings per share for the current year.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.