Elys Game Technology, Corp. (NASDAQ:ELYS) saw significant growth in short-term interest in the month of December. As of December 31, there was short interest totaling 518,600 shares, a growth of 58.3% from the total of 327,600 shares as of December 15. Based on an average daily volume of 363,700 shares, the short interest rate is currently 1.4 days. Currently, 3.6% of the stock’s shares are sold short.
Shares of NASDAQ:ELYS traded at $0.05 in Friday’s midday session, hitting $2.51. 169,618 shares were traded, against an average volume of 301,639. The company’s 50-day moving average price is $3.46 and its 200-day moving average price is $4.20. Elys Game Technology has a 12 month minimum of $2.33 and a 12 month maximum of $8.28. The company has a debt ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.40.
Elys Game Technology Inc (NASDAQ:ELYS) last released its quarterly results on Monday, November 22. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Elys Game Technology posted a negative net margin of 28.52% and a negative return on equity of 36.86%. The company posted revenue of $8.03 million in the quarter, compared to $11.00 million expected by analysts. During the same period of the previous year, the company achieved EPS of ($0.08). Equity research analysts expect Elys Game Technology to post -0.35 earnings per share for the current year.
Separately, Fundamental Research cut its price target on Elys Game Technology from $6.69 to $5.72 and set a “buy” rating on the stock in a Wednesday, October 6 research report.
In addition, the main shareholder Gold Street Capital Corp. bought 10,400 shares of the company in a transaction that took place on Wednesday, November 24. The shares were purchased at an average price of $3.48 per share, for a total transaction of $36,192.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Insiders bought 139,953 shares of the company worth $477,224 in the past 90 days. 41.40% of the shares are held by insiders of the company.
Several institutional investors have recently changed their positions in the company. Royal Bank of Canada increased its position in Elys Game Technology shares by 42.0% during the second quarter. Royal Bank of Canada now owns 7,951 shares of the company valued at $32,000 after buying an additional 2,351 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Elys Game Technology during Q3 for a value of approximately $217,000. Geode Capital Management LLC purchased a new position in Elys Game Technology during Q2 for a value of approximately $46,000. Jump Financial LLC purchased a new position in Elys Game Technology during Q2 for a value of approximately $53,000. Finally, Renaissance Technologies LLC bought a new position in Elys Game Technology during the 2nd quarter at a value of approximately $92,000. Hedge funds and other institutional investors hold 2.29% of the company’s shares.
About Elys Gaming Technology
Elys Game Technology Corp. engages in the provision of leisure game products and services. Its product range includes electronic sports, virtual sports, online casino, poker, bingo, interactive games and slot machines. It operates through the following segments: betting establishments, betting platform software and services, and all others.
Read more: Percentage gains
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Elys Game Technology right now?
Before you consider Elys Game Technology, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Elys Game Technology didn’t make the list.
While Elys Game Technology currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here