GAN Limited (NASDAQ:GAN) Short Interest Update

GAN Limited (NASDAQ:GAN) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 98,200 shares, an increase of 49.9% from the November 30th total of 65,500 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 200,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On GAN

Institutional investors have recently made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of GAN during the third quarter worth $3,676,000. Geode Capital Management LLC boosted its stake in shares of GAN by 2.2% in the third quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock valued at $774,000 after buying an additional 9,260 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in GAN during the second quarter worth approximately $479,000. Finally, Renaissance Technologies LLC raised its holdings in GAN by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after acquiring an additional 22,700 shares in the last quarter. Institutional investors own 16.67% of the company’s stock.

GAN Price Performance

Shares of GAN stock remained flat at $1.83 during trading on Friday. 206,100 shares of the stock traded hands, compared to its average volume of 176,264. The stock has a fifty day moving average of $1.82 and a two-hundred day moving average of $1.70. The firm has a market cap of $83.39 million, a PE ratio of -6.10 and a beta of 2.00. GAN has a one year low of $1.17 and a one year high of $1.87.

GAN (NASDAQ:GAN) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $37.10 million for the quarter.

About GAN

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.