Short Interest in GAN Limited (NASDAQ:GAN) Expands By 10.4%

GAN Limited (NASDAQ:GANGet Free Report) was the target of a significant growth in short interest in the month of February. As of February 29th, there was short interest totalling 443,200 shares, a growth of 10.4% from the February 14th total of 401,400 shares. Based on an average daily trading volume, of 267,900 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On GAN

Several large investors have recently modified their holdings of GAN. Swiss National Bank lifted its position in GAN by 7.5% during the first quarter. Swiss National Bank now owns 79,900 shares of the company’s stock valued at $385,000 after acquiring an additional 5,600 shares during the last quarter. JPMorgan Chase & Co. raised its position in GAN by 73.8% during the first quarter. JPMorgan Chase & Co. now owns 48,453 shares of the company’s stock valued at $234,000 after acquiring an additional 20,567 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of GAN by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 779,163 shares of the company’s stock worth $3,756,000 after purchasing an additional 10,240 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of GAN by 6.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 398,810 shares of the company’s stock valued at $1,922,000 after purchasing an additional 23,610 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of GAN by 8.5% in the 1st quarter. Gabelli Funds LLC now owns 95,700 shares of the company’s stock valued at $461,000 after purchasing an additional 7,500 shares during the period. Institutional investors own 13.42% of the company’s stock.

GAN Price Performance

Shares of GAN stock opened at $1.28 on Tuesday. GAN has a 52-week low of $0.83 and a 52-week high of $2.07. The stock has a 50 day moving average price of $1.51 and a 200 day moving average price of $1.40. The company has a debt-to-equity ratio of 20.32, a current ratio of 1.54 and a quick ratio of 1.54.

GAN Company Profile

(Get Free Report)

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C).

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