Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 118,000 shares, a growth of 7.0% from the December 31st total of 110,300 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 28,900 shares, the days-to-cover ratio is presently 4.1 days.

Allied Gaming & Entertainment Price Performance

Shares of Allied Gaming & Entertainment stock opened at $1.12 on Monday. The company’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $1.15. Allied Gaming & Entertainment has a 12-month low of $0.61 and a 12-month high of $1.57.

Hedge Funds Weigh In On Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Geode Capital Management LLC lifted its holdings in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 216,856 shares of the company’s stock after purchasing an additional 35,385 shares during the period. Geode Capital Management LLC owned about 0.49% of Allied Gaming & Entertainment worth $297,000 at the end of the most recent reporting period. 3.21% of the stock is owned by institutional investors.

About Allied Gaming & Entertainment

Allied Gaming & Entertainment, Inc operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.