Gambling.com Group Limited (NASDAQ:GAMB) Sees Large Growth in Short Interest

Gambling.com Group Limited (NASDAQ:GAMB) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 751,100 shares, an increase of 209.0% from the January 31st total of 243,100 shares. Based on an average daily trading volume, of 387,200 shares, the short-interest ratio is currently 1.9 days. Approximately 4.4% of the shares of the company are short sold.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB traded up $0.02 on Friday, reaching $14.22. 400,026 shares of the company traded hands, compared to its average volume of 416,806. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $17.14. The company’s 50 day moving average is $14.67 and its 200-day moving average is $12.28. The stock has a market capitalization of $529.31 million, a PE ratio of 18.23 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GAMB. Craig Hallum boosted their price objective on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Macquarie boosted their price objective on Gambling.com Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Stifel Nicolaus boosted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group upped their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, BTIG Research upped their target price on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.88.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp lifted its position in shares of Gambling.com Group by 0.9% during the 4th quarter. Northern Trust Corp now owns 109,928 shares of the company’s stock valued at $1,548,000 after acquiring an additional 1,003 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock valued at $701,000 after purchasing an additional 1,325 shares during the period. Global Retirement Partners LLC raised its stake in Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after purchasing an additional 1,856 shares during the period. Ameriprise Financial Inc. raised its stake in Gambling.com Group by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company’s stock valued at $1,690,000 after purchasing an additional 2,017 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Gambling.com Group by 481.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.