Galaxy Gaming Inc. (OTCMKTS:GLXZ) Stock Short Interest Report for September

Galaxy Gaming Inc. (OTCMKTS:GLXZ) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 797 shares. Based on an average daily volume of 100,941 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Galaxy Gaming Price Performance

Shares of OTCMKTS:GLXZ traded up $0.05 during mid-day trading on Thursday, reaching $1.60. 26,894 shares of the company traded hands, compared to its average volume of 66,195. The company’s 50 day moving average price is $1.65 and its 200-day moving average price is $1.73. The firm has a market cap of $40.10 million, a PE ratio of 8.42 and a beta of 0.42. Galaxy Gaming has a 52 week low of $1.42 and a 52 week high of $2.99.

Galaxy Gaming announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 22nd that permits the company to buy back $4.00 million in shares. This buyback authorization permits the company to purchase up to 10.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

About Galaxy Gaming

Galaxy Gaming, Inc develops, licenses and distributes casino table games, electronic gaming products and related technology for land-based and online casino operators. Its offerings include proprietary table games, side bets, progressive systems and other gaming content designed to complement traditional casino products and increase player engagement.

The company has offered a portfolio of branded and licensed games, including variations of blackjack, poker and other casino table games.