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

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

Golden Matrix Group Price Performance

Golden Matrix Group stock traded up $0.16 during trading on Monday, reaching $3.94. 57,479 shares of the company were exchanged, compared to its average volume of 65,528. Golden Matrix Group has a 52-week low of $1.95 and a 52-week high of $4.19. The stock’s 50 day simple moving average is $3.03 and its two-hundred day simple moving average is $2.70. The company has a market capitalization of $144.28 million, a P/E ratio of -197.00 and a beta of 0.53.

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.