Gambling.com Group Limited (NASDAQ: GAMB – Get a rating) benefited from a sharp increase in short-term interest during the month of June. As of June 15, there was short interest totaling 163,700 shares, an increase of 38.0% from the total of 118,600 shares as of May 31. Based on an average trading volume of 70,000 shares, the day-to-cover ratio is currently 2.3 days. Approximately 1.8% of the company’s shares are sold short.
Major investors have recently changed their positions in the company. Yarra Square Partners LP increased its stake in Gambling.com Group shares by 30.4% in Q1. Yarra Square Partners LP now owns 107,860 shares of the company worth $957,000 after acquiring an additional 25,127 shares during the period. First Manhattan Co. acquired a new stake in Gambling.com Group in the first quarter valued at $39,000. G2 Investment Partners Management LLC increased its stake in Gambling.com Group by 41.0% in the first quarter. G2 Investment Partners Management LLC now owns 1,630,416 shares of the company valued at $14,462,000 after acquiring an additional 473,949 shares last quarter. Clearbridge Investments LLC increased its stake in Gambling.com Group by 30.1% in the first quarter. Clearbridge Investments LLC now owns 182,247 shares of the company valued at $1,617,000 after acquiring 42,195 additional shares last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Gambling.com Group by 76.2% during the first quarter. Exchange Traded Concepts LLC now owns 370,791 shares of the company valued at $3,289,000 after purchasing an additional 160,327 shares in the last quarter. 25.80% of the shares are currently held by institutional investors.
GAMB shares opened at $8.05 on Friday. The company’s 50-day moving average price is $8.40 and its 200-day moving average price is $9.19. The company has a debt ratio of 0.02, a quick ratio of 5.75 and a current ratio of 5.75. The Gambling.com group has a one-year minimum of $6.56 and a one-year maximum of $16.97. The company has a market capitalization of $272.14 million and a P/E ratio of 23.00.
Gambling.com Group Company Profile (Get a rating)
Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The Company provides digital marketing services for 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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