Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Sees Significant Growth in Short Interest

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,090,000 shares, a growth of 7.7% from the November 15th total of 1,940,000 shares. Approximately 5.7% of the company’s stock are short sold. Based on an average daily volume of 321,200 shares, the short-interest ratio is currently 6.5 days.

Atlanta Braves Stock Performance

BATRK traded up $0.18 during midday trading on Tuesday, reaching $39.93. 21,079 shares of the company were exchanged, compared to its average volume of 234,041. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -54.45 and a beta of 0.68. Atlanta Braves has a one year low of $36.74 and a one year high of $44.42. The company’s fifty day moving average price is $40.23 and its 200 day moving average price is $40.81.

Institutional Investors Weigh In On Atlanta Braves

Several institutional investors have recently bought and sold shares of BATRK. Quent Capital LLC lifted its stake in Atlanta Braves by 568.4% during the 3rd quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,404 shares in the last quarter. Hahn Capital Management LLC boosted its holdings in Atlanta Braves by 33.7% during the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 495 shares during the last quarter. nVerses Capital LLC purchased a new position in Atlanta Braves during the second quarter worth about $95,000. Quest Partners LLC grew its position in Atlanta Braves by 28,820.0% in the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 4,323 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in Atlanta Braves in the 3rd quarter valued at about $205,000. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.