Short Interest in Motorsport Games Inc. (NASDAQ:MSGM) Rises By 102.8%

Motorsport Games Inc. (NASDAQ:MSGM) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 14,600 shares, an increase of 102.8% from the February 13th total of 7,200 shares. Based on an average trading volume of 33,900 shares, the short-interest ratio is presently 0.4 days. Currently, 0.9% of the company’s stock are short sold.

Motorsport Games Trading Down 1.7 %

NASDAQ MSGM traded down $0.02 on Friday, reaching $1.19. The stock had a trading volume of 5,515 shares, compared to its average volume of 479,756. Motorsport Games has a 1 year low of $1.01 and a 1 year high of $4.16. The business has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.28. The company has a market capitalization of $4.49 million, a price-to-earnings ratio of 0.73 and a beta of 2.06.

Institutional Investors Weigh In On Motorsport Games

An institutional investor recently bought a new position in Motorsport Games stock. Citadel Advisors LLC bought a new stake in Motorsport Games Inc. (NASDAQ:MSGM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.58% of Motorsport Games as of its most recent SEC filing. Institutional investors own 1.66% of the company’s stock.

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.