Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Up 209.0% in February

Gambling.com Group Limited (NASDAQ:GAMB) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 751,100 shares, an increase of 209.0% from the January 31st total of 243,100 shares. Currently, 4.4% of the company’s shares are sold short. Based on an average daily volume of 387,200 shares, the days-to-cover ratio is presently 1.9 days.

Gambling.com Group Stock Down 0.4 %

Shares of GAMB stock traded down $0.05 during mid-day trading on Friday, hitting $14.15. The stock had a trading volume of 62,664 shares, compared to its average volume of 408,171. Gambling.com Group has a 12-month low of $7.51 and a 12-month high of $17.14. The firm has a market capitalization of $526.71 million, a P/E ratio of 18.10 and a beta of 0.99. The firm’s 50-day moving average is $14.68 and its two-hundred day moving average is $12.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds have recently made changes to their positions in GAMB. Global Retirement Partners LLC lifted its stake in shares of Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Gambling.com Group by 1,968.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Gambling.com Group by 481.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Gambling.com Group during the 4th quarter worth $49,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares during the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GAMB shares. BTIG Research boosted their target price on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Craig Hallum boosted their price objective on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Macquarie boosted their price objective on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Benchmark restated a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Finally, Stifel Nicolaus boosted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $16.88.

Gambling.com Group Company Profile

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.