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

Golden Matrix Group, Inc. (NASDAQ:GMGI) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 894,800 shares, a drop of 5.8% from the November 15th total of 949,400 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average trading volume of 80,200 shares, the days-to-cover ratio is presently 11.2 days.

Golden Matrix Group Stock Down 0.5 %

Golden Matrix Group stock opened at $1.99 on Wednesday. Golden Matrix Group has a 12 month low of $1.93 and a 12 month high of $6.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. The company’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $2.50.

Insiders Place Their Bets

In related news, insider Aleksandar Milovanovic acquired 14,038 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of $2.69 per share, for a total transaction of $37,762.22. Following the purchase, the insider now owns 77,502,008 shares in the company, valued at $208,480,401.52. This represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders acquired 49,596 shares of company stock worth $121,380. 23.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Golden Matrix Group during the 2nd quarter worth about $30,000. Rhumbline Advisers acquired a new position in Golden Matrix Group in the second quarter worth approximately $43,000. Virtu Financial LLC increased its holdings in Golden Matrix Group by 56.0% in the third quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after buying an additional 8,408 shares during the last quarter. Barclays PLC raised its position in Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after acquiring an additional 22,420 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Golden Matrix Group in the second quarter valued at approximately $91,000. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Golden Matrix Group Company Profile

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.