GAN Limited (NASDAQ:GAN) Sees Significant Increase in Short Interest

GAN Limited (NASDAQ:GAN - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 70,500 shares, an increase of 24.1% from the March 15th total of 56,800 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 234,800 shares, the days-to-cover ratio is currently 0.3 days.GAN Price PerformanceShares of GAN stock traded up $0.01 during trading on Friday, hitting $1.74. The stock had a trading volume of 79,894 shares, compared to its average volume of 180,651. GAN has a fifty-two week low of $1.17 and a fifty-two week high of $1.90. The business has a fifty day moving average of $1.75 and a two-hundred day moving average of $1.80. The firm has a market cap of $79.69 million, a P/E ratio of -5.80 and a beta of 1.88. GAN (NASDAQ:GAN - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). The firm had revenue of $31.69 million during the quarter, compared to the consensus estimate of $41.11 million. During the same period in the previous year, the business earned ($0.21) EPS. Institutional Trading of GANSeveral institutional investors have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of GAN during the 4th quarter worth about $36,000. Jane Street Group LLC acquired a new stake in GAN in the 4th quarter valued at approximately $55,000. AssuredPartners Investment Advisors LLC bought a new position in GAN during the fourth quarter worth $62,000. Ridgewood Investments LLC bought a new position in GAN during the fourth quarter worth $95,000. Finally, Rangeley Capital LLC acquired a new position in GAN during the 4th quarter valued at $182,000. 16.67% of the stock is currently owned by institutional investors and hedge funds. About GAN (Get Free Report)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.Featured ArticlesFive stocks we like better than GANWhat does consumer price index measure? With a 60%+ Upside, There’s Plenty to Love About LovesacRussell 2000 Index, How Investors Use it For Profitable TradingJ.B. Hunt Transport Overcorrects Into a Buying OpportunityESG Stocks, What Investors Should KnowAppLovin: Can Record Profits Overcome Market Skepticism?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in GAN Right Now?Before you consider GAN, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GAN wasn't on the list.While GAN currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here