Motorsport Games Inc. (NASDAQ:MSGM) Sees Large Increase in Short Interest

Motorsport Games Inc. (NASDAQ:MSGM) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 34,000 shares, an increase of 79.9% from the December 15th total of 18,900 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is currently 1.0 days.

Motorsport Games Stock Performance

Shares of Motorsport Games stock traded down $0.02 during trading on Friday, reaching $1.38. The company had a trading volume of 14,203 shares, compared to its average volume of 36,552. Motorsport Games has a fifty-two week low of $1.01 and a fifty-two week high of $4.16. The firm’s fifty day moving average is $1.25 and its 200-day moving average is $1.44. The company has a market cap of $5.18 million, a price-to-earnings ratio of 0.85 and a beta of 2.03.

Motorsport Games Company Profile

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.