Golden Matrix Group, Inc. (NASDAQ:GMGI) Short Interest Up 44.2% in December

Golden Matrix Group, Inc. (NASDAQ:GMGI) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,290,000 shares, a growth of 44.2% from the November 30th total of 894,800 shares. Approximately 6.8% of the company’s stock are short sold. Based on an average trading volume of 96,600 shares, the short-interest ratio is currently 13.4 days.

Golden Matrix Group Trading Up 1.5 %

Shares of NASDAQ GMGI traded up $0.03 during mid-day trading on Monday, hitting $2.07. 30,959 shares of the company were exchanged, compared to its average volume of 115,412. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. The stock has a 50 day simple moving average of $2.34 and a 200-day simple moving average of $2.40. Golden Matrix Group has a 1-year low of $1.89 and a 1-year high of $6.27.

Insider Transactions at Golden Matrix Group

In other news, insider Aleksandar Milovanovic purchased 25,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were bought at an average price of $2.35 per share, with a total value of $58,750.00. Following the completion of the transaction, the insider now directly owns 77,462,970 shares in the company, valued at approximately $182,037,979.50. This represents a 0.03 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have acquired 49,596 shares of company stock valued at $121,380. Corporate insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On Golden Matrix Group

Several hedge funds have recently bought and sold shares of GMGI. Geode Capital Management LLC grew its holdings in Golden Matrix Group by 6.3% in the third quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock valued at $1,270,000 after purchasing an additional 32,182 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Golden Matrix Group by 675.9% during the 2nd quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock valued at $326,000 after acquiring an additional 114,900 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Golden Matrix Group during the second quarter worth about $120,000. Marshall Wace LLP purchased a new stake in shares of Golden Matrix Group in the second quarter valued at about $91,000. Finally, Barclays PLC grew its position 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 valued at $67,000 after purchasing an additional 22,420 shares during the last quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

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.