Galaxy Gaming Inc. (OTCMKTS:GLXZ) Shares Shorted: Short Interest Down 77.0% in October

Galaxy Gaming Inc. (OTCMKTS:GLXZ) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 712 shares, a decrease of 77.0% from the October 15th total of 3,089 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 100,447 shares, the days-to-cover ratio is presently 0.0 days.

Galaxy Gaming Stock Performance

Shares of GLXZ stock opened at $1.57 on Thursday. Galaxy Gaming has a 12-month low of $1.42 and a 12-month high of $2.99. The business’s 50 day moving average is $1.60 and its two-hundred day moving average is $1.76. The company has a market capitalization of $39.50 million, a P/E ratio of 4.49 and a beta of 0.42.

Galaxy Gaming (OTCMKTS:GLXZ) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.20 EPS for the quarter. The business had revenue of $7.98 million during the quarter. Galaxy Gaming had a negative return on equity of 59.73% and a net margin of 28.32%.

Galaxy Gaming declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 22nd that allows the company to buy back $4 million in outstanding shares. This buyback authorization allows the company to purchase up to 10.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Galaxy Gaming Company Profile

Galaxy Gaming, Inc. is a gaming technology and casino entertainment company that develops, licenses and distributes proprietary casino table games, electronic gaming products and related systems. Its offerings are designed for land-based casinos, online gaming operators and other regulated gaming businesses. The company’s portfolio has included proprietary table games, side bets, progressive jackpots and electronic versions of casino games. Galaxy Gaming also provides casino management and jackpot systems, game content and licensing services, allowing operators to offer its products under regulatory approvals in applicable jurisdictions.