Bragg Gaming Group Inc. (NASDAQ:BRAG) Sees Large Increase in Short Interest

Bragg Gaming Group Inc. (NASDAQ:BRAG) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 98,500 shares, a growth of 13.5% from the October 15th total of 86,800 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 32,500 shares, the short-interest ratio is presently 3.0 days.

Bragg Gaming Group Stock Down 1.6 %

Shares of NASDAQ BRAG traded down $0.05 during midday trading on Friday, reaching $3.08. 241,341 shares of the company were exchanged, compared to its average volume of 47,602. The stock’s 50-day moving average price is $4.78 and its 200-day moving average price is $5.32. The stock has a market cap of $77.02 million, a P/E ratio of -12.83 and a beta of 0.93. Bragg Gaming Group has a one year low of $2.86 and a one year high of $7.00.

Hedge Funds Weigh In On Bragg Gaming Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Bragg Gaming Group in the 2nd quarter worth about $77,000. Dimensional Fund Advisors LP purchased a new stake in Bragg Gaming Group in the 2nd quarter worth approximately $200,000. Finally, Renaissance Technologies LLC lifted its stake in Bragg Gaming Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after purchasing an additional 36,100 shares in the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and issued a $7.00 target price on shares of Bragg Gaming Group in a research note on Monday, October 14th.

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.