Golden Matrix Group, Inc. (NASDAQ:GMGI) Sees Significant Decline in Short Interest

Golden Matrix Group, Inc. (NASDAQ:GMGI) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 49,200 shares, a drop of 8.6% from the March 31st total of 53,800 shares. Based on an average daily volume of 63,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Insider Activity

In other Golden Matrix Group news, COO Weiting Feng sold 15,727 shares of Golden Matrix Group stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $4.00, for a total value of $62,908.00. Following the transaction, the chief operating officer now directly owns 2,837,688 shares of the company’s stock, valued at approximately $11,350,752. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 54.20% of the stock is currently owned by company insiders.

Golden Matrix Group Trading Up 5.6 %

GMGI stock traded up $0.20 during trading on Wednesday, reaching $3.79. 55,720 shares of the stock were exchanged, compared to its average volume of 65,654. Golden Matrix Group has a twelve month low of $1.95 and a twelve month high of $4.19. The company has a market capitalization of $138.79 million, a P/E ratio of -193.00 and a beta of 0.53. The stock has a 50 day simple moving average of $3.04 and a 200-day simple moving average of $2.71.

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.