Bragg Gaming Group Inc. (NASDAQ:BRAG) Sees Large Increase in Short Interest

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 181,000 shares, a growth of 16.5% from the November 15th total of 155,400 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 57,300 shares, the short-interest ratio is currently 3.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in Bragg Gaming Group during the 2nd quarter worth approximately $200,000. Marshall Wace LLP acquired a new position in shares of Bragg Gaming Group during the second quarter worth $77,000. Finally, Renaissance Technologies LLC grew its stake in shares of Bragg Gaming Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after purchasing an additional 36,100 shares during the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market outperform” rating and issued a $7.00 price target on shares of Bragg Gaming Group in a research note on Monday, October 14th.

Bragg Gaming Group Price Performance

BRAG stock traded down $0.03 during trading on Friday, reaching $3.60. 45,278 shares of the company were exchanged, compared to its average volume of 49,295. The company has a market capitalization of $90.04 million, a price-to-earnings ratio of -15.00 and a beta of 0.79. The company has a 50-day moving average of $4.11 and a two-hundred day moving average of $4.96. Bragg Gaming Group has a twelve month low of $2.86 and a twelve month high of $7.00.

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.