Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) 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 – Free Report) 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.
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