Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Sees Large Increase in Short Interest

Allied Gaming & Entertainment Inc. (NASDAQ:AGAEGet Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 118,000 shares, a growth of 7.0% from the December 15th total of 110,300 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,900 shares, the short-interest ratio is currently 4.1 days.

Institutional Investors Weigh In On Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Geode Capital Management LLC boosted its holdings in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAEFree Report) by 19.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,856 shares of the company’s stock after acquiring an additional 35,385 shares during the quarter. Geode Capital Management LLC owned about 0.49% of Allied Gaming & Entertainment worth $297,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.21% of the company’s stock.

Allied Gaming & Entertainment Stock Up 2.3 %

AGAE opened at $0.90 on Monday. The company has a market cap of $39.70 million, a PE ratio of -3.33 and a beta of 1.40. Allied Gaming & Entertainment has a twelve month low of $0.61 and a twelve month high of $1.57. The company has a 50-day moving average price of $0.91 and a 200 day moving average price of $1.17.

Allied Gaming & Entertainment Company Profile

(Get Free Report)

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.

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