Motorsport Games Inc. (NASDAQ:MSGM) Sees Significant Decrease in Short Interest

Motorsport Games Inc. (NASDAQ:MSGM) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 7,200 shares, a decline of 67.7% from the January 31st total of 22,300 shares. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Trading of Motorsport Games

A hedge fund recently bought a new stake in Motorsport Games stock. Citadel Advisors LLC acquired a new stake in shares of Motorsport Games Inc. (NASDAQ:MSGM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.58% of Motorsport Games as of its most recent filing with the Securities & Exchange Commission. 1.66% of the stock is owned by hedge funds and other institutional investors.

Motorsport Games Trading Down 0.8 %

MSGM stock opened at $1.20 on Friday. Motorsport Games has a 1-year low of $1.01 and a 1-year high of $4.16. The business’s 50 day moving average is $1.33 and its 200-day moving average is $1.29. The firm has a market cap of $4.53 million, a P/E ratio of 0.74 and a beta of 2.04.

Motorsport Games Company Profile

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.