Genius Sports Limited (NYSE:GENI – Get Ratings ) experienced a significant decrease in short interest during the month of November. There was a total of 4,610,000 shares shorted as of November 30th, a 10.5% decrease from the November 15th total of 5,150,000 shares. About 4.5% of the company’s shares were sold short. Considering the average daily volume of 851,400 shares, the daily volume ratio is currently 5.4 days.
Genius Sports Stock Performance
NYSE:GENI opened at $3.97 on Friday. The company’s debt-to-equity ratio is 0.01, quick ratio is 1.70, and current ratio is 1.70. Genius Sports has a 52-week low of $2.20 and a 52-week high of $8.18. The firm has a market cap of $889.79 million, a price-to-earnings ratio of -7.22 and a beta of 1.49. The 50 day moving average is $4.61 and the 200 day moving average is $3.85.
Genius Sports (NYSE:GENI – Get Rating ) last announced its earnings results on Thursday, November 10th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The business reported revenue of $78.65 million for the quarter, compared to analyst estimates of $77.20 million. Genius Sports had a negative return on equity of 19.15% and a negative net profit of 33.53%. research analysts forecast that Genius Sports will post -0.35 EPS for the current year.
Hedge funds influence Genius Sports
A number of institutional investors have recently added to or reduced their stakes in GENI. MBE Wealth Management LLC bought a new position in Genius Sports in the 2nd quarter worth about $28,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the 2nd quarter worth about $39,000. Bridgefront Capital LLC purchased a new position in Genius Sports in the 1st quarter worth about $65,000. CenterBook Partners LP bought a new position in Genius Sports during the third quarter worth about $68,000. Finally, US Bancorp DE purchased a new position in shares of Genius Sports in the 1st quarter valued at $69,000. Currently, 34.15 percent of the total shares are owned by institutional investors.
About Genius Sports
Genius Sports Limited develops and sells technology-based products and services in the sports, sports betting and sports media industries. It offers a technological infrastructure for collecting, aggregating and distributing live data from sports leagues; Streaming solutions consisting of technology, automated production and sports distribution to commercialize your game videos; Integrity services for sports leagues, including full-time active monitoring technology that detects and flags suspicious betting activity in global betting markets using mathematical algorithms, as well as a comprehensive suite of online and offline education and consulting services.
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