GAN Limited (NASDAQ:GAN) Short Interest Up 12.0% in October

GAN Limited (NASDAQ:GANGet Free Report) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 733,300 shares, a growth of 12.0% from the October 15th total of 655,000 shares. Based on an average trading volume of 585,300 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered shares of GAN from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 9th.

Check Out Our Latest Stock Report on GAN

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GAN. Integrated Wealth Concepts LLC bought a new stake in shares of GAN during the third quarter worth $46,000. Ingalls & Snyder LLC grew its position in GAN by 510.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 66,180 shares of the company’s stock worth $77,000 after acquiring an additional 55,330 shares during the last quarter. XTX Topco Ltd acquired a new position in GAN in the 2nd quarter worth about $38,000. Corsair Capital Management L.P. acquired a new position in GAN in the 2nd quarter worth about $49,000. Finally, Cerity Partners LLC bought a new position in GAN in the second quarter valued at about $78,000. Institutional investors and hedge funds own 13.42% of the company’s stock.

GAN Price Performance

Shares of GAN stock traded up $0.13 during trading on Friday, reaching $1.57. 1,882,695 shares of the company’s stock were exchanged, compared to its average volume of 408,347. The firm’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.42. The company has a market cap of $70.19 million, a P/E ratio of -0.39 and a beta of 1.60. The company has a debt-to-equity ratio of 20.32, a quick ratio of 1.72 and a current ratio of 1.72. GAN has a 1-year low of $0.83 and a 1-year high of $2.49.

About GAN

(Get Free Report)

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C).

Further Reading

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