Bragg Gaming Group Inc. (NASDAQ:BRAG) Short Interest Down 6.9% in July

Bragg Gaming Group Inc. (NASDAQ:BRAGGet 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

Hedge funds and other institutional investors have recently modified their holdings of the company. TD Asset Management Inc. purchased a new stake in shares of Bragg Gaming Group in the second quarter worth $56,000. Garde Capital Inc. purchased a new stake in shares of Bragg Gaming Group in the fourth quarter worth $126,000. Bank of Montreal Can increased its stake in shares of Bragg Gaming Group by 100.6% in the second quarter. Bank of Montreal Can now owns 34,500 shares of the company’s stock worth $190,000 after purchasing an additional 17,300 shares in the last quarter. MYDA Advisors LLC purchased a new stake in shares of Bragg Gaming Group in the fourth quarter worth $336,000. Finally, UBS Group AG boosted its position in shares of Bragg Gaming Group by 467.5% during the first quarter. UBS Group AG now owns 85,493 shares of the company’s stock worth $614,000 after acquiring an additional 70,429 shares during the last quarter. 4.72% of the stock is owned by hedge funds and other institutional investors.

About Bragg Gaming Group

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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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