Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Up 79.9% in December

Motorsport Games Inc. (NASDAQ:MSGM) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 34,000 shares, a growth of 79.9% from the December 15th total of 18,900 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 1.0 days. Approximately 2.1% of the company’s stock are short sold.

Motorsport Games Stock Performance

Motorsport Games stock opened at $1.37 on Wednesday. The firm’s 50 day moving average price is $1.25 and its two-hundred day moving average price is $1.44. Motorsport Games has a twelve month low of $1.01 and a twelve month high of $4.16. The firm has a market cap of $5.17 million, a PE ratio of 0.85 and a beta of 2.03.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.