Bragg Gaming Group Inc. (NASDAQ:BRAG) Short Interest Up 19.4% in January

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 232,500 shares, a growth of 19.4% from the December 31st total of 194,800 shares. Based on an average daily trading volume, of 68,400 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.3% of the shares of the stock are sold short.

Bragg Gaming Group Stock Down 0.8 %

Shares of Bragg Gaming Group stock traded down $0.04 during mid-day trading on Friday, reaching $4.93. 75,654 shares of the stock traded hands, compared to its average volume of 71,492. The business has a 50-day moving average of $3.73 and a 200 day moving average of $4.47. The stock has a market capitalization of $123.45 million, a PE ratio of -20.54 and a beta of 0.73. Bragg Gaming Group has a fifty-two week low of $2.86 and a fifty-two week high of $7.00.

Wall Street Analysts Forecast Growth

Separately, JMP Securities dropped their target price on shares of Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Monday, January 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in Bragg Gaming Group during the second quarter worth approximately $200,000. Marshall Wace LLP acquired a new position in Bragg Gaming Group in the second quarter valued at about $77,000. Finally, Renaissance Technologies LLC raised its stake in shares of Bragg Gaming Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after acquiring an additional 36,100 shares during the period. Hedge funds and other institutional investors own 4.04% of the company’s stock.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.