Golden Matrix Group, Inc. (NASDAQ:GMGI) Short Interest Update

Golden Matrix Group, Inc. (NASDAQ:GMGI) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,380,000 shares, an increase of 7.0% from the December 15th total of 1,290,000 shares. Based on an average trading volume of 101,400 shares, the short-interest ratio is presently 13.6 days. Approximately 7.2% of the shares of the stock are short sold.

Golden Matrix Group Stock Down 6.8 %

Shares of NASDAQ GMGI traded down $0.15 during mid-day trading on Monday, hitting $2.04. The stock had a trading volume of 100,567 shares, compared to its average volume of 99,066. The business has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $2.33. Golden Matrix Group has a 1 year low of $1.86 and a 1 year high of $6.27. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling at Golden Matrix Group

In other news, insider Aleksandar Milovanovic acquired 14,038 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of $2.69 per share, with a total value of $37,762.22. Following the acquisition, the insider now owns 77,502,008 shares in the company, valued at approximately $208,480,401.52. This represents a 0.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 49,596 shares of company stock valued at $121,380 in the last 90 days. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of Golden Matrix Group

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC boosted its stake in Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after purchasing an additional 8,408 shares in the last quarter. XTX Topco Ltd bought a new position in Golden Matrix Group in the second quarter worth approximately $30,000. SG Americas Securities LLC bought a new stake in shares of Golden Matrix Group during the 4th quarter valued at $28,000. Rhumbline Advisers bought a new position in Golden Matrix Group in the 2nd quarter worth $43,000. Finally, Kera Capital Partners Inc. purchased a new position in Golden Matrix Group during the fourth quarter valued at $40,000. 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.