Allied Gaming & Entertainment Inc. (NASDAQ:AGAE – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 207,600 shares, an increase of 150.7% from the June 15th total of 82,800 shares. Based on an average daily volume of 85,200 shares, the short-interest ratio is currently 2.4 days. Currently, 1.7% of the company’s shares are short sold.
Insider Transactions at Allied Gaming & Entertainment
In related news, major shareholder Roy Choi acquired 140,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was bought at an average price of $1.47 per share, for a total transaction of $205,800.00. Following the acquisition, the insider now directly owns 3,011,822 shares of the company’s stock, valued at approximately $4,427,378.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have purchased 633,010 shares of company stock worth $831,923. Insiders own 39.40% of the company’s stock.
Institutional Trading of Allied Gaming & Entertainment
A hedge fund recently bought a new stake in Allied Gaming & Entertainment stock. Kure Advisory LLC acquired a new position in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 32,457 shares of the company’s stock, valued at approximately $34,000. Kure Advisory LLC owned about 0.09% of Allied Gaming & Entertainment at the end of the most recent reporting period. 3.21% of the stock is owned by institutional investors and hedge funds.
Allied Gaming & Entertainment Trading Down 4.1 %
Allied Gaming & Entertainment (NASDAQ:AGAE – Get Free Report) last issued its earnings results on Monday, May 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. Allied Gaming & Entertainment had a negative return on equity of 3.84% and a negative net margin of 38.47%. The business had revenue of $2.38 million for the quarter.
About Allied Gaming & Entertainment
Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.
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