Short Interest in Golden Matrix Group, Inc. (NASDAQ:GMGI) Expands By 7.0%

Golden Matrix Group, Inc. (NASDAQ:GMGI) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,380,000 shares, a growth of 7.0% from the December 31st total of 1,290,000 shares. Approximately 7.2% of the shares of the company are short sold. Based on an average daily volume of 101,400 shares, the days-to-cover ratio is presently 13.6 days.

Golden Matrix Group Stock Up 6.7 %

Shares of NASDAQ GMGI opened at $1.84 on Tuesday. The firm’s 50-day simple moving average is $2.08 and its 200 day simple moving average is $2.30. Golden Matrix Group has a fifty-two week low of $1.70 and a fifty-two week 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.

Golden Matrix Group (NASDAQ:GMGI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $40.99 million for the quarter. Golden Matrix Group had a negative net margin of 3.07% and a negative return on equity of 3.93%. On average, equities research analysts predict that Golden Matrix Group will post 0.03 EPS for the current year.

Insider Activity

In other news, insider Aleksandar Milovanovic acquired 14,038 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average cost of $2.69 per share, for a total transaction of $37,762.22. Following the transaction, the insider now directly owns 77,502,008 shares in the company, valued at $208,480,401.52. This trade represents a 0.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On Golden Matrix Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC boosted its position in shares of Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after purchasing an additional 8,408 shares during the period. SG Americas Securities LLC purchased a new position in shares of Golden Matrix Group during the fourth quarter valued at $28,000. Kera Capital Partners Inc. acquired a new position in Golden Matrix Group during the fourth quarter valued at $40,000. Barclays PLC lifted its stake in Golden Matrix Group by 332.6% in the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after acquiring an additional 22,420 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Golden Matrix Group by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock worth $1,270,000 after acquiring an additional 32,182 shares during the period. 2.74% of the stock is owned by institutional investors and hedge funds.

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.