Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Down 27.7% in November

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 108,300 shares, a decrease of 27.7% from the November 15th total of 149,700 shares. Based on an average daily trading volume, of 29,200 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.1% of the company’s stock are short sold.

Allied Gaming & Entertainment Price Performance

NASDAQ AGAE traded down $0.04 during trading on Friday, reaching $0.81. The company’s stock had a trading volume of 10,288 shares, compared to its average volume of 56,458. The business has a 50-day moving average price of $1.13 and a 200-day moving average price of $1.18. Allied Gaming & Entertainment has a 1-year low of $0.61 and a 1-year high of $1.57.

Institutional Trading of Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Geode Capital Management LLC boosted its holdings in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,856 shares of the company’s stock after purchasing an additional 35,385 shares during the period. Geode Capital Management LLC owned about 0.49% of Allied Gaming & Entertainment worth $297,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.