Golden Matrix Group, Inc. (NASDAQ:GMGI) Short Interest Up 7.0% in December

Golden Matrix Group, Inc. (NASDAQ:GMGI) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,380,000 shares, a growth of 7.0% from the December 15th total of 1,290,000 shares. Currently, 7.2% of the company’s stock are short sold. Based on an average trading volume of 101,400 shares, the short-interest ratio is currently 13.6 days.

Golden Matrix Group Stock Down 6.8 %

Shares of NASDAQ GMGI traded down $0.15 during midday trading on Friday, hitting $2.04. 100,567 shares of the company’s stock were exchanged, compared to its average volume of 99,066. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. Golden Matrix Group has a 12 month low of $1.86 and a 12 month high of $6.27. The company’s 50 day moving average price is $2.23 and its 200 day moving average price is $2.33.

Insider Buying and Selling

In other Golden Matrix Group news, insider Aleksandar Milovanovic purchased 14,038 shares of Golden Matrix Group stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of $2.69 per share, for a total transaction of $37,762.22. Following the completion of the acquisition, the insider now owns 77,502,008 shares of the company’s stock, valued at approximately $208,480,401.52. This trade represents a 0.02 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have purchased 49,596 shares of company stock worth $121,380. Corporate 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 company. Geode Capital Management LLC increased its position in Golden Matrix Group by 6.3% during the third quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock worth $1,270,000 after acquiring an additional 32,182 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Golden Matrix Group by 675.9% during the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after purchasing an additional 114,900 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Golden Matrix Group in the second quarter valued at approximately $120,000. Marshall Wace LLP bought a new stake in shares of Golden Matrix Group in the second quarter valued at approximately $91,000. Finally, Barclays PLC grew its position in Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after buying an additional 22,420 shares in the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

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.