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

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

Golden Matrix Group Stock Up 9.0 %

NASDAQ GMGI traded up $0.17 on Tuesday, reaching $2.01. 85,759 shares of the stock were exchanged, compared to its average volume of 125,706. The company’s 50-day simple moving average is $2.08 and its two-hundred day simple moving average is $2.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. Golden Matrix Group has a one year low of $1.70 and a one year high of $6.27.

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. Golden Matrix Group had a negative return on equity of 3.93% and a negative net margin of 3.07%. The business had revenue of $40.99 million during the quarter. As a group, sell-side analysts expect that Golden Matrix Group will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Golden Matrix Group

In related news, insider Aleksandar Milovanovic purchased 14,038 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of $2.69 per share, with a total value of $37,762.22. Following the completion of the acquisition, the insider now owns 77,502,008 shares of the company’s stock, valued at approximately $208,480,401.52. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Golden Matrix Group

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Golden Matrix Group during the fourth quarter valued at $28,000. Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group during the fourth quarter valued at about $40,000. Virtu Financial LLC lifted its position in shares of 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 in the last quarter. Barclays PLC boosted its stake 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 buying an additional 22,420 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Golden Matrix Group during the 2nd quarter valued at approximately $91,000. Institutional investors own 2.74% of the company’s stock.

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. 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.