GAN Limited (NASDAQ:GAN) Short Interest Update

GAN Limited (NASDAQ:GAN) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 73,900 shares, a growth of 52.1% from the January 31st total of 48,600 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 240,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GAN. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of GAN during the fourth quarter worth $36,000. Jane Street Group LLC acquired a new stake in GAN during the 4th quarter worth $55,000. AssuredPartners Investment Advisors LLC bought a new position in GAN during the fourth quarter worth about $62,000. Ridgewood Investments LLC acquired a new position in GAN in the fourth quarter valued at about $95,000. Finally, Rangeley Capital LLC bought a new stake in shares of GAN in the fourth quarter worth about $182,000. Institutional investors own 16.67% of the company’s stock.

GAN Stock Performance

GAN traded down $0.02 during midday trading on Tuesday, reaching $1.74. 326,760 shares of the company were exchanged, compared to its average volume of 228,104. The stock has a market capitalization of $79.29 million, a P/E ratio of -5.80 and a beta of 1.97. The stock’s 50-day simple moving average is $1.82 and its 200 day simple moving average is $1.80. GAN has a one year low of $1.17 and a one year high of $1.90.

GAN Company Profile

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. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.