Bragg Gaming Group Inc. (NASDAQ:BRAG – Get Rating) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 398,200 shares, a decrease of 6.9% from the July 15th total of 427,500 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 12,600 shares, the short-interest ratio is currently 31.6 days.
Bragg Gaming Group Price Performance
Shares of NASDAQ BRAG opened at $5.60 on Wednesday. The firm has a fifty day moving average price of $5.26 and a 200-day moving average price of $5.73. Bragg Gaming Group has a 1 year low of $2.30 and a 1 year high of $12.50.
Wall Street Analyst Weigh In
A number of analysts have commented on BRAG shares. Maxim Group started coverage on shares of Bragg Gaming Group in a report on Wednesday, June 15th. They set a “buy” rating and a $12.00 target price for the company. Canaccord Genuity Group reduced their target price on shares of Bragg Gaming Group from C$19.00 to C$15.00 in a report on Thursday, May 12th.
Institutional Trading of Bragg Gaming Group
About Bragg Gaming Group
Bragg Gaming Group Inc operates as a technology and content supplier to the gaming industry worldwide. The company provides business-to-business online gaming solutions. It offers a range of games, including slot, table, card, video bingo, scratch card, and live dealer games, as well as virtual sports.
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