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

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,380,000 shares, an increase 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 short-interest ratio is presently 13.6 days.

Insider Buying and Selling at Golden Matrix Group

In other Golden Matrix Group news, insider Aleksandar Milovanovic acquired 14,038 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of $2.69 per share, for a total transaction 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. The trade was a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 23.20% of the company's stock.

Hedge Funds Weigh In On Golden Matrix Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Golden Matrix Group by 6.3% in the 3rd 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. Barclays PLC lifted 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 buying an additional 22,420 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Golden Matrix Group by 675.9% in the second 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 during the period. Marshall Wace LLP purchased a new position in shares of Golden Matrix Group during the second quarter worth approximately $91,000. Finally, Virtu Financial LLC increased its holdings in shares of Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company's stock valued at $55,000 after acquiring an additional 8,408 shares during the period. 2.74% of the stock is owned by institutional investors and hedge funds.

Golden Matrix Group Stock Performance

Shares of GMGI stock traded down $0.01 during trading on Tuesday, hitting $1.83. 212,649 shares of the stock traded hands, compared to its average volume of 134,134. Golden Matrix Group has a 52-week low of $1.70 and a 52-week high of $6.27. The firm's fifty day moving average price is $2.07 and its 200-day moving average price is $2.29. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

Golden Matrix Group (NASDAQ:GMGI - Get Free Report) last posted 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 for the quarter. Golden Matrix Group had a negative return on equity of 3.93% and a negative net margin of 3.07%. Analysts anticipate that Golden Matrix Group will post 0.03 earnings per share for the current year.

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.