Gambling.com Group Limited (NASDAQ: GAMB) saw a large decline in short interest in November. There were 146,000 shares overall as of October 31, a reduction of 17.5%, and 120,400 shares overall as of November 15, including 120,400 shares of short interest. Based on an average daily trading volume of 36,200 shares, the short-interest ratio is now 3.3 days. Currently, 1.4% of the stock’s shares are being sold short.
Many research firms have recently commented on GAMB. In a report released on Tuesday, October 25, Trust Financial raised its “buy” rating and price target for Gambling.com Group from $10.50 to $12.00. In a research note released on Friday, November 18, Stifel Nicolaus raised their “buy” rating and price target for Gambling.com Group from $11.00 to $12.00.
Shares of the company have recently been bought and sold by institutions and a few hedge funds. Kamunting Street Capital Management L.P. boosted its ownership of Gambling.com Group by 19.7% during the third quarter. Kamunting Street Capital Management L.P. now directly owns 192,724 shares, valued at $1,465,000, after acquiring an additional 31,705 shares in the last quarter. Bank of New York Mellon Corp. grew its stake in Gambling.com Group by 21.8% during the third quarter. Bank of New York Mellon Corp now owns 17,318 shares of the company’s stock, valued at $131,000, after acquiring an additional 3,095 shares over the last three months. BlackRock Inc. boosted its stake in Gambling.com Group during the third quarter by 2.8%. Over the previous quarter, BlackRock Inc. boosted its stock holdings by 8,759, bringing the total to 322,348 shares valued at $2,450,000. Gabelli Funds LLC boosted its stake in Gambling.com Group by 19.7% during the third quarter. Gabelli Funds LLC now owns 26,000 shares of the company’s stock, worth $198,000, after acquiring an additional 4,284 shares during the last quarter. And finally, UBS Group AG grew its stake in Gambling.com Group by 348.6% during the third quarter. UBS Group AG now owns 3,472 shares valued at $27,000 after acquiring an additional 2,698 shares over the last three months. Institutions own 9.76% of the company’s equity.
GAMB shares dropped by $0.14 during Friday’s lunchtime session, reaching $9.97. Fifty-five thousand two hundred eighty-eight shares of the stock were exchanged, as opposed to the 52,468 shares average daily volume. The company’s stock has a $337.09 million market value, a P.E. ratio of 49.85, and a beta of 1.63. Gambling.com Group’s 52-week low is $6.62, and its 52-week high is $12.96. The company’s debt-to-equity ratio is 0, its current ratio is 1, and its quick ratio is 1. Prices for the stock’s fifty-day and 200-day moving averages are $8.39 and $8.24, respectively.
Serving the international online gambling market is Gaming.com Group Limited, a performance marketing company. Customers in the iGaming and sports betting industries can use the company’s digital marketing services. It publishes various websites under several banners, including bookies.com and gambling.com. The Gambling.com Group Limited, founded in 2006, has its main office in St.