Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Short Interest Up 296.9% in April

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,270,201 shares, an increase of 296.9% from the April 15th total of 1,076,004 shares. Based on an average daily volume of 3,561 shares, the days-to-cover ratio is currently 1,199.2 days.

Galaxy Entertainment Group Price Performance

Shares of Galaxy Entertainment Group stock traded down $0.08 on Friday, reaching $4.25. The company had a trading volume of 512,077 shares, compared to its average volume of 11,807. The firm’s 50-day moving average price is $4.63 and its two-hundred day moving average price is $5.04. Galaxy Entertainment Group has a 1 year low of $3.80 and a 1 year high of $5.80.

Galaxy Entertainment Group Company Profile

Galaxy Entertainment Group is a Hong Kong–incorporated investment holding company with core operations in the gaming and hospitality industry. The company develops and operates integrated resort complexes in the Macau Special Administrative Region, offering casino gaming, luxury hotel accommodations, retail, dining, entertainment and convention facilities under one roof.

Its flagship property, Galaxy Macau on the Cotai Strip, encompasses multiple phases of development, combining mass-market gaming areas, VIP gaming salons, branded hotels such as Banyan Tree and The Ritz-Carlton, and a variety of food and beverage outlets.