SharpLink Gaming (NASDAQ:SBET) Shares to Reverse Split on Tuesday, May 6th

SharpLink Gaming, Inc. (NASDAQ:SBET)’s stock is scheduled to reverse split on the morning of Tuesday, May 6th. The 1-12 reverse split was announced on Thursday, May 1st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, May 5th.

SharpLink Gaming Stock Up 5.5 %

NASDAQ SBET opened at $0.29 on Friday. SharpLink Gaming has a 12 month low of $0.19 and a 12 month high of $1.15. The company has a 50-day moving average of $0.30 and a 200-day moving average of $0.51.

Hedge Funds Weigh In On SharpLink Gaming

An institutional investor recently bought a new position in SharpLink Gaming stock. Tallon Kerry Patrick acquired a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 42,663 shares of the company’s stock, valued at approximately $29,000. Tallon Kerry Patrick owned 1.19% of SharpLink Gaming as of its most recent SEC filing. Hedge funds and other institutional investors own 13.75% of the company’s stock.

SharpLink Gaming Company Profile

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.