Golden Matrix Group, Inc. (NASDAQ:GMGI – Get Rating) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 83,500 shares, a decrease of 6.3% from the August 31st total of 89,100 shares. Based on an average daily volume of 35,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.5% of the company's shares are sold short.

Institutional Trading of Golden Matrix Group

A number of institutional investors have recently made changes to their positions in the stock. Delos Wealth Advisors LLC purchased a new stake in shares of Golden Matrix Group during the first quarter valued at approximately $357,000. Northern Trust Corp purchased a new stake in Golden Matrix Group in the second quarter worth $59,000. Finally, State Street Corp purchased a new stake in Golden Matrix Group in the second quarter worth $51,000. Hedge funds and other institutional investors own 2.90% of the company's stock.

Golden Matrix Group Stock Down 3.8 %

NASDAQ:GMGI opened at $2.82 on Wednesday. Golden Matrix Group has a fifty-two week low of $2.81 and a fifty-two week high of $10.72. The company's 50 day moving average is $3.76.

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 and Europe. 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.

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