Super League Enterprise, Inc. (NASDAQ:SLE) Sees Significant Increase in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 92,700 shares, an increase of 22.9% from the November 30th total of 75,400 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 168,500 shares, the days-to-cover ratio is presently 0.6 days.

Super League Enterprise Stock Performance

Shares of Super League Enterprise stock traded down $0.01 during midday trading on Tuesday, reaching $0.62. 59,989 shares of the company’s stock traded hands, compared to its average volume of 101,117. The stock has a 50 day moving average of $0.74 and a 200-day moving average of $0.91. The company has a market cap of $9.53 million, a PE ratio of -0.11 and a beta of 1.77. Super League Enterprise has a 12 month low of $0.50 and a 12 month high of $2.84.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SLE. Maxim Group reduced their price objective on shares of Super League Enterprise from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, October 14th. HC Wainwright dropped their price objective on Super League Enterprise from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th.

Super League Enterprise Company Profile

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs.