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

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 143,000 shares, an increase of 21.8% from the February 13th total of 117,400 shares. Based on an average daily trading volume, of 26,400 shares, the days-to-cover ratio is currently 5.4 days. Currently, 1.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Allied Gaming & Entertainment

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

Allied Gaming & Entertainment Price Performance

Shares of NASDAQ:AGAE opened at $1.10 on Wednesday. The business’s 50-day moving average is $1.02 and its 200 day moving average is $1.09. Allied Gaming & Entertainment has a 1 year low of $0.61 and a 1 year high of $1.57. The firm has a market capitalization of $48.52 million, a P/E ratio of -4.07 and a beta of 1.48.

Allied Gaming & Entertainment Company Profile

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.