August Short Interest Surges Across Five Companies
August Short Interest Surges Across Five Companies
Anonymous
Key Points
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Game Your Game reported a quarterly loss of $0.22 per share on revenue of $1.40 million in its latest earnings release. Its shares were trading near $1.05, compared with a 52-week high of $32.66.
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Galaxy Gaming’s short-interest position equated to only 0.1 days of average trading volume, while the stock was trading at $1.60. The company’s shares had ranged from $1.42 to $2.99 over the prior 52 weeks.
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AVI Global Trust had no reported average trading volume, producing an effectively infinite short-interest ratio. Its shares opened at $3.25, with a market capitalization of approximately $164.55 million and a price-to-earnings ratio of 3.74.
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Gaming Innovation Group’s short-interest ratio was also reported as infinite because the source listed zero average daily trading volume. The stock opened at $0.40, matching its 52-week low, versus a 52-week high of $0.71.
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Givaudan’s analyst views were notably divided: Sanford C. Bernstein initiated coverage with a “strong sell,” Deutsche Bank reiterated “buy,” Goldman Sachs upgraded the stock to “buy,” and Jefferies downgraded it to “hold.”
Short interest surged across five thinly traded companies in August, with Game Your Game posting the steepest gains. Ticker Report found that Game Your Game's short positions jumped 486.1% to 303,134 shares—equal to 2.1% of outstanding stock. Galaxy Gaming and Gaming Innovation Group also saw major climbs, though all five companies remain lightly shorted overall.
Game Your Game Faces Steep Stock Decline
Game Your Game reported a quarterly loss of $0.22 per share on just $1.40 million in revenue. The stock has cratered to $1.05, down dramatically from its 52-week high of $32.66. The company's earnings struggle explains some of the increased short-interest activity, as traders bet on further declines.
Galaxy Gaming Authorizes $4 Million Buyback
Galaxy Gaming's short interest climbed 326.9% to 4,730 shares in August, Ticker Report noted. At $1.60 per share, the short position equates to just 0.1 days of average trading volume—a tiny bet against the stock. The company's 52-week range of $1.42 to $2.99 suggests modest volatility. Galaxy Gaming also announced a $4 million share-repurchase program to support the stock.
Three More Stocks Post Triple-Digit Short Jumps
Gaming Innovation Group's short interest rose 199.9% to 3,581 shares, though zero reported daily trading volume makes the short-interest ratio infinite. The stock opened at $0.40, matching its 52-week low and far below its $0.71 high. Ticker Report also reported AVI Global Trust's short positions jumped 189.6% to 22,539 shares. AVI trades at $3.25 with a market cap near $164.55 million and a price-to-earnings ratio of 3.74. Givaudan's short interest more than doubled to 4,834 shares, though it remains negligible at 0.0% of shares outstanding.
Givaudan Faces Divided Wall Street Opinion
Analyst coverage of Givaudan is sharply split. Sanford C. Bernstein initiated a "strong sell," while Deutsche Bank and Goldman Sachs both back the stock with "buy" ratings. Jefferies downgraded Givaudan to "hold," leaving the consensus rating at "hold." The disagreement reflects deeper uncertainty about the company's near-term prospects, even as short interest ticks upward.
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