SharpLink Gaming (NASDAQ:SBET) stock is on the move Friday as investors take interest in the short-squeeze target.
Retail traders on social media looking for stocks to short-squeeze are calling out SBET as a target today. That’s putting extra eyes on the stock, which explains its positive movement despite a lack of news.
That positive movement also translates over to heavy trading for SBET stock. As of this writing, roughly 6 million shares of the stock have changed hands. For comparison, that’s a nice jump from its daily average trading volume of 1.6 million shares.
Keeping all of this in mind, let’s take a look at what traders need to know about SBET stock today.
- SharpLink Gaming is a sports betting company based out of Minneapolis, Minn.
- Its services include offering up marketing data to customers powered by its artificial intelligence (AI).
- That’s possible through its C4 Platform available to sports media publishers and professional sports leagues.
- SharpLink Gaming was founded in 2019 but has been providing marketing service to customers well before that.
- However, the company says it has worked with major players in the market, such as the NBA, NHL and NASCAR, as far back as 2006.
- Rob Phythian leads the company as its co-founder, president and CEO.
- Prior to this, he was the CEO of SportsHub Games Network and continues to serve on its Board of Directors.
SBET stock was up 10.1% as of Friday afternoon.
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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