Why the SportsHero (ASX:SHO) share price is on a winning streak today

The SportsHero Ltd (ASX: SHO) share price is on the up today after the company posted its results for the FY21 half-year. Shares are trading 5.41% higher compared to yesterday’s close. At the time of writing, the SportsHero share price is sitting at 3.9 cents per share.

Let’s take a closer look at why its shares are rising today and what was released.

What’s impacting the SportsHero share price?

Despite posting losses for the six-month period ending 31 December 2020, the social competition platform’s shares are rising. Notably, the loss of US$775,000 is lower than the US$916,000 of the prior corresponding period (pcp).

While sales income was still minimal (only US$7,757 compared to nothing in the pcp), expenses were down on…