Golden Matrix Group, Inc. (NASDAQ:GMGI) Short Interest Down 5.8% in November

Golden Matrix Group, Inc. (NASDAQ:GMGI) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 894,800 shares, a decrease of 5.8% from the November 15th total of 949,400 shares. Currently, 6.6% of the company’s shares are sold short. Based on an average daily trading volume, of 80,200 shares, the days-to-cover ratio is presently 11.2 days.

Insider Buying and Selling at Golden Matrix Group

In related news, insider Aleksandar Milovanovic bought 14,038 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average price of $2.69 per share, with a total value of $37,762.22. Following the completion of the transaction, the insider now directly owns 77,502,008 shares of the company’s stock, valued at $208,480,401.52. This represents a 0.02 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 49,596 shares of company stock valued at $121,380 over the last 90 days. 23.20% of the stock is owned by insiders.

Institutional Trading of Golden Matrix Group

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC increased its stake in Golden Matrix Group by 56.0% in the third 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 during the last quarter. Barclays PLC increased its stake in 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. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 32,182 shares during the period. Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group in the second quarter valued at approximately $91,000. Finally, XTX Topco Ltd acquired a new stake in shares of Golden Matrix Group in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 2.74% of the company’s stock.

Golden Matrix Group Stock Performance

NASDAQ GMGI remained flat at $2.00 during trading hours on Tuesday. 27,514 shares of the company’s stock were exchanged, compared to its average volume of 114,969. Golden Matrix Group has a 52 week low of $1.93 and a 52 week high of $6.27. 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 firm has a fifty day moving average price of $2.39 and a 200-day moving average price of $2.53.

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.