GAN Limited (NASDAQ:GAN – Get 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.
Institutional Inflows and Outflows
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.
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).
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