Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Short Interest Up 310.4% in October

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,721,600 shares, a growth of 310.4% from the September 30th total of 1,881,700 shares. Based on an average trading volume of 17,000 shares, the days-to-cover ratio is presently 454.2 days. Based on an average trading volume of 17,000 shares, the days-to-cover ratio is presently 454.2 days.

Galaxy Entertainment Group Trading Down 3.2%

Shares of Galaxy Entertainment Group stock opened at $4.99 on Friday. Galaxy Entertainment Group has a 12 month low of $3.00 and a 12 month high of $5.80. The business’s fifty day simple moving average is $5.19 and its 200 day simple moving average is $4.40.

Galaxy Entertainment Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, September 25th will be given a $0.70 dividend. This is a positive change from Galaxy Entertainment Group’s previous dividend of $0.50. This represents a yield of 286.0%. The ex-dividend date of this dividend is Wednesday, September 24th.

About Galaxy Entertainment Group

Galaxy Entertainment Group Limited, an investment holding company, engages in the gaming and entertainment businesses in Macau, Hong Kong, and Mainland China. It operates through Gaming and Entertainment, and Construction Materials segments. The company operates casino games of chance or games of other forms; and provides hospitality and related services.