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

Golden Matrix Group, Inc. (NASDAQ:GMGI) was the recipient of a large growth in short interest in 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. Currently, 7.2% of the shares of the stock are sold short. Based on an average daily volume of 101,400 shares, the days-to-cover ratio is presently 13.6 days.

Insider Transactions at Golden Matrix Group

In other Golden Matrix Group news, insider Aleksandar Milovanovic purchased 14,038 shares of the stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of $2.69 per share, with a total value of $37,762.22. Following the completion of the purchase, the insider now directly 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Golden Matrix Group in the 4th quarter worth approximately $28,000. Kera Capital Partners Inc. purchased a new stake in Golden Matrix Group during the 4th quarter valued at about $40,000. Virtu Financial LLC increased its stake in Golden Matrix Group by 56.0% during 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 in the last quarter. Barclays PLC lifted its stake in shares of Golden Matrix Group by 332.6% in the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after buying an additional 22,420 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Golden Matrix Group in the 2nd quarter worth approximately $91,000. 2.74% of the stock is owned by hedge funds and other institutional investors.

Golden Matrix Group Stock Up 9.0 %

GMGI traded up $0.17 during trading on Tuesday, hitting $2.01. 85,759 shares of the stock traded hands, compared to its average volume of 125,706. Golden Matrix Group has a 12-month low of $1.70 and a 12-month high of $6.27. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $2.08 and a 200 day moving average of $2.30.

Golden Matrix Group (NASDAQ:GMGI) last announced its 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 during the quarter. Golden Matrix Group had a negative return on equity of 3.93% and a negative net margin of 3.07%. Research analysts anticipate that Golden Matrix Group will post 0.03 earnings per share for the current year.

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.