Golden Matrix Group, Inc. (NASDAQ:GMGI) Short Interest Update

Golden Matrix Group, Inc. (NASDAQ:GMGI) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 461,200 shares, a growth of 97.9% from the May 31st total of 233,100 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily volume of 167,100 shares, the short-interest ratio is currently 2.8 days.

Golden Matrix Group Stock Down 0.8 %

Shares of NASDAQ GMGI opened at $2.47 on Friday. Golden Matrix Group has a 1 year low of $2.00 and a 1 year high of $6.27. The firm’s 50-day moving average is $4.13 and its 200-day moving average is $3.22.

Insider Transactions at Golden Matrix Group

In related news, COO Weiting Feng sold 15,727 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $4.00, for a total value of $62,908.00. Following the completion of the sale, the chief operating officer now owns 2,837,688 shares of the company’s stock, valued at $11,350,752. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 54.20% of the stock is owned by company insiders.

About Golden Matrix Group

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.