Short Interest in Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Declines By 79.2%

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,466,173 shares, a drop of 79.2% from the June 30th total of 21,447,533 shares. Based on an average daily volume of 69,824 shares, the days-to-cover ratio is presently 64.0 days.

Galaxy Entertainment Group Trading Down 0.9%

Shares of OTCMKTS GXYEF traded down $0.04 during mid-day trading on Friday, hitting $4.29. 855 shares of the stock traded hands, compared to its average volume of 16,280. The stock has a fifty day moving average price of $4.06 and a 200-day moving average price of $4.65. Galaxy Entertainment Group has a 52 week low of $3.68 and a 52 week 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.