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

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the recipient of a significant 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 trading volume of 60,900 shares, the short-interest ratio is presently 3.0 days.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Bragg Gaming Group

A hedge fund recently bought a new stake in Bragg Gaming Group stock. Oasis Management Co Ltd. bought a new stake in Bragg Gaming Group Inc. (NASDAQ:BRAG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,100 shares of the company’s stock, valued at approximately $82,000. Oasis Management Co Ltd. owned about 0.07% of Bragg Gaming Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Trading Up 0.2 %

Shares of Bragg Gaming Group stock traded up $0.01 during trading hours on Friday, reaching $6.07. 16,754 shares of the company’s stock were exchanged, compared to its average volume of 53,420. The company has a 50 day moving average of $5.69 and a two-hundred day moving average of $5.23. Bragg Gaming Group has a fifty-two week low of $2.92 and a fifty-two week high of $7.00.

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

About Bragg Gaming Group

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.