Galaxy Gaming Inc. (OTCMKTS:GLXZ) Stock Short Interest Report for September

Galaxy Gaming Inc. (OTCMKTS:GLXZ) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 797 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 100,941 shares, the days-to-cover ratio is presently 0.0 days.

Galaxy Gaming Price Performance

Shares of GLXZ traded up $0.03 during midday trading on Wednesday, reaching $1.60. 50,500 shares of the stock were exchanged, compared to its average volume of 66,297. The company has a market capitalization of $40.10 million, a price-to-earnings ratio of 8.42 and a beta of 0.42. Galaxy Gaming has a twelve month low of $1.42 and a twelve month high of $2.99. The business’s 50-day moving average price is $1.65 and its 200 day moving average price is $1.73.

Galaxy Gaming announced that its board has initiated a stock repurchase plan on Wednesday, July 22nd that authorizes the company to buy back $4.00 million in shares. This repurchase authorization authorizes the company to purchase up to 10.5% of its shares through open market purchases. Share repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Galaxy Gaming

Galaxy Gaming, Inc develops, licenses and distributes casino table games, electronic gaming products and related technology for land-based and online casino operators. Its offerings include proprietary table games, side bets, progressive systems and other gaming content designed to complement traditional casino products and increase player engagement.

The company has offered a portfolio of branded and licensed games, including variations of blackjack, poker and other casino table games.