Short Interest in Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Expands By 42.5%

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 2,723,800 shares, a growth of 42.5% from the September 15th total of 1,911,900 shares. Based on an average trading volume of 6,500 shares, the short-interest ratio is presently 419.0 days.

Galaxy Entertainment Group Stock Performance

Shares of GXYEF stock remained flat at $5.05 during mid-day trading on Friday. The stock has a 50-day moving average price of $4.18 and a two-hundred day moving average price of $4.58. Galaxy Entertainment Group has a 1-year low of $3.35 and a 1-year high of $5.84.

Galaxy Entertainment Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, September 25th will be given a $0.50 dividend. This represents a yield of 1.71%. The ex-dividend date is Tuesday, September 24th.

About Galaxy Entertainment Group

Galaxy Entertainment Group Limited, an investment holding company, engages in the gaming and entertainment businesses in Macau, Hong Kong, and Mainland China. It operates through Gaming and Entertainment, and Construction Materials segments. The company operates casino games of chance or games of other forms; and provides hospitality and related services.