Bragg Gaming Group Inc. (NASDAQ:BRAG) Short Interest Update

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 194,800 shares, an increase of 7.6% from the November 30th total of 181,000 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 62,300 shares, the short-interest ratio is presently 3.1 days.

Bragg Gaming Group Price Performance

Bragg Gaming Group stock traded up $0.23 during midday trading on Tuesday, hitting $3.66. The company’s stock had a trading volume of 118,164 shares, compared to its average volume of 50,820. The company has a market cap of $91.54 million, a price-to-earnings ratio of -15.25 and a beta of 0.79. Bragg Gaming Group has a 1-year low of $2.86 and a 1-year high of $7.00. The company has a 50-day moving average price of $3.82 and a two-hundred day moving average price of $4.75.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $7.00 price objective on shares of Bragg Gaming Group in a report on Monday, October 14th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in Bragg Gaming Group during the second quarter worth approximately $77,000. Renaissance Technologies LLC lifted its position in shares of Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after acquiring an additional 36,100 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Bragg Gaming Group during the 2nd quarter worth $200,000. 4.04% of the stock is owned by institutional investors.

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.