Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Down 34.8% in October

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 73,400 shares, a decline of 34.8% from the October 15th total of 112,500 shares. Based on an average daily trading volume, of 135,700 shares, the short-interest ratio is currently 0.5 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Super League Enterprise

An institutional investor recently bought a new position in Super League Enterprise stock. Murchinson Ltd. bought a new stake in shares of Super League Enterprise, Inc. (NASDAQ:SLE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned about 3.84% of Super League Enterprise at the end of the most recent quarter. 2.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SLE shares. Maxim Group cut their price objective on shares of Super League Enterprise from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, October 14th. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Super League Enterprise in a research note on Wednesday, October 2nd.

Super League Enterprise Stock Down 23.3 %

Shares of NASDAQ:SLE traded down $0.23 on Friday, hitting $0.76. 323,893 shares of the company traded hands, compared to its average volume of 93,372. The stock has a 50 day simple moving average of $0.88 and a 200-day simple moving average of $1.06. The company has a market cap of $9.30 million, a PE ratio of -0.14 and a beta of 1.87. Super League Enterprise has a 52 week low of $0.50 and a 52 week high of $2.84.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.60) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.02. The business had revenue of $4.12 million during the quarter, compared to analyst estimates of $5.41 million. Super League Enterprise had a negative net margin of 95.78% and a negative return on equity of 254.70%. As a group, sell-side analysts anticipate that Super League Enterprise will post -1.3 earnings per share for the current year.

Super League Enterprise Company Profile

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs.