share_log

Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Down 30.7% in December

kopsource ·  Jan 2, 2023 00:01

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.

Get Gambling.com Group alerts:

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

Shares of NASDAQ GAMB traded up $0.16 during mid-day trading on Friday, reaching $9.15. 104,056 shares of the company were exchanged, compared to its average volume of 49,437. The company's 50-day simple moving average is $9.04 and its 200-day simple moving average is $8.31. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $309.36 million, a P/E ratio of 45.75 and a beta of 1.63. Gambling.com Group has a twelve month low of $6.62 and a twelve month high of $12.96.

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

(Get Rating)

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.

Featured Stories

  • Get a free copy of the StockNews.com research report on Gambling.com Group (GAMB)
  • MarketBeat: Week in Review 12/26 – 12/30
  • The Dogs Of Tech: It's Time For A Bite Of These Stocks
  • Does This Acquisition Make Microsoft a Bear Market Buy?
  • Should You Warm up to Generac Stock for the Winter?
  • Is Kintara Therapeutics A Hidden Gem?

Receive News & Ratings for Gambling.com Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gambling.com Group and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment