Bragg Gaming Group Inc. (NASDAQ:BRAG) Short Interest Up 57.8% in November

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 155,400 shares, a growth of 57.8% from the October 31st total of 98,500 shares. Based on an average trading volume of 49,000 shares, the short-interest ratio is presently 3.2 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Bragg Gaming Group

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

Analyst Ratings Changes

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

Bragg Gaming Group Stock Up 0.9 %

NASDAQ:BRAG opened at $3.34 on Friday. The firm’s 50-day moving average price is $4.47 and its 200-day moving average price is $5.17. Bragg Gaming Group has a 1-year low of $2.86 and a 1-year high of $7.00.

About Bragg Gaming Group

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.