Gambling.com Group Limited (NASDAQ:GAMB – Get Rating) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 71,500 shares, a drop of 30.7% from the November 30th total of 103,200 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 41,500 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

GAMB has been the subject of a number of recent analyst reports. Truist Financial increased their price target on shares of Gambling.com Group from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, October 25th. Stifel Nicolaus increased their price target on shares of Gambling.com Group from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Friday, November 18th.

Institutional Trading of Gambling.com Group

Hedge funds have recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Gambling.com Group during the 2nd quarter worth about $1,132,000. G2 Investment Partners Management LLC lifted its stake in shares of Gambling.com Group by 41.0% during the 1st quarter. G2 Investment Partners Management LLC now owns 1,630,416 shares of the company's stock worth $14,462,000 after buying an additional 473,949 shares during the last quarter. Yarra Square Partners LP lifted its stake in shares of Gambling.com Group by 45.5% during the 2nd quarter. Yarra Square Partners LP now owns 156,981 shares of the company's stock worth $1,235,000 after buying an additional 49,121 shares during the last quarter. Bank of New York Mellon Corp increased its position in Gambling.com Group by 21.8% during the third quarter. Bank of New York Mellon Corp now owns 17,318 shares of the company's stock worth $131,000 after acquiring an additional 3,095 shares during the period. Finally, First Manhattan Co. bought a new position in Gambling.com Group during the first quarter worth about $39,000. Institutional investors and hedge funds own 9.94% of the company's stock.

Gambling.com Group Stock Performance

Gambling.com Group (NASDAQ:GAMB – Get Rating) last posted its earnings results on Thursday, November 17th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.11. The company had revenue of $19.65 million during the quarter, compared to analysts' expectations of $17.32 million. Gambling.com Group had a net margin of 11.72% and a return on equity of 17.56%. As a group, research analysts predict that Gambling.com Group will post 0.25 earnings per share for the current year.

Gambling.com Group Company Profile

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Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St.

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