Golden Matrix Group, Inc. (NASDAQ:GMGI – Get Rating) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 83,500 shares, a drop of 6.3% from the August 31st total of 89,100 shares. Approximately 0.5% of the company's stock are short sold. Based on an average daily volume of 35,000 shares, the short-interest ratio is currently 2.4 days.
Institutional Investors Weigh In On Golden Matrix Group
A number of large investors have recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in Golden Matrix Group during the 2nd quarter valued at $51,000. Northern Trust Corp acquired a new position in Golden Matrix Group during the 2nd quarter worth $59,000. Finally, Delos Wealth Advisors LLC acquired a new position in Golden Matrix Group during the 1st quarter worth $357,000. 2.90% of the stock is owned by institutional investors and hedge funds.
Get Golden Matrix Group alerts:Golden Matrix Group Stock Up 0.3 %
GMGI opened at $2.92 on Monday. The company's fifty day moving average price is $3.82. Golden Matrix Group has a twelve month low of $2.81 and a twelve month high of $10.72.
About Golden Matrix Group
(Get Rating)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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