Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Sees Large Growth in Short Interest

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 822,098 shares, a growth of 56.2% from the August 31st total of 526,175 shares. Based on an average trading volume of 85,582 shares, the days-to-cover ratio is presently 9.6 days.

Galaxy Entertainment Group Price Performance

Shares of Galaxy Entertainment Group stock traded down $0.19 during trading hours on Thursday, reaching $4.11. 485 shares of the company’s stock were exchanged, compared to its average volume of 16,285. The business has a fifty day moving average of $4.43 and a two-hundred day moving average of $4.35. Galaxy Entertainment Group has a 1 year low of $3.68 and a 1 year high of $5.76.

Galaxy Entertainment Group Company Profile

Galaxy Entertainment Group Limited is a Hong Kong-based developer and operator of integrated resort, hospitality and entertainment businesses in Macau. Its operations combine gaming with hotels, restaurants, retail, leisure facilities and convention and entertainment offerings.

The company’s principal properties include Galaxy Macau and Broadway Macau on Cotai, as well as StarWorld Macau on the Macau Peninsula. These resorts offer casino gaming, luxury and lifestyle accommodations, dining venues, shopping, entertainment and event facilities designed to serve both leisure and business visitors.

Galaxy Entertainment traces its roots to 1989 and has expanded its presence in Macau through the development of large-scale integrated resorts.