Bragg Gaming Group Inc. (NASDAQ:BRAG) Short Interest Update

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 181,000 shares, an increase of 16.5% from the November 15th total of 155,400 shares. Based on an average daily trading volume, of 57,300 shares, the short-interest ratio is currently 3.2 days. Approximately 1.0% of the shares of the company are sold short.

Bragg Gaming Group Stock Up 0.8 %

Shares of BRAG stock traded up $0.03 during mid-day trading on Monday, hitting $3.63. 22,730 shares of the company’s stock were exchanged, compared to its average volume of 49,160. Bragg Gaming Group has a fifty-two week low of $2.86 and a fifty-two week high of $7.00. The stock has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $4.94. The stock has a market cap of $90.79 million, a price-to-earnings ratio of -15.00 and a beta of 0.79.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in shares of Bragg Gaming Group during the second quarter worth about $77,000. Dimensional Fund Advisors LP purchased a new stake in shares of Bragg Gaming Group during the second quarter worth about $200,000. Finally, Renaissance Technologies LLC increased its holdings in Bragg Gaming Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after buying an additional 36,100 shares during the last quarter. 4.04% of the stock is owned by hedge funds and other institutional investors.

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.