Galaxy Gaming Inc. (OTCMKTS:GLXZ) Short Interest Up 326.9% in August

Galaxy Gaming Inc. (OTCMKTS:GLXZ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 4,730 shares, a growth of 326.9% from the August 15th total of 1,108 shares. Based on an average daily volume of 81,913 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Galaxy Gaming Price Performance

Shares of GLXZ remained flat at $1.60 during trading hours on Friday. 5,713 shares of the stock were exchanged, compared to its average volume of 34,330. The firm has a 50 day moving average price of $1.67 and a two-hundred day moving average price of $1.74. The stock has a market cap of $40.03 million, a P/E ratio of 8.42 and a beta of 0.40. Galaxy Gaming has a 52-week low of $1.42 and a 52-week high of $2.99.

Galaxy Gaming announced that its Board of Directors has approved a stock buyback program on Wednesday, July 22nd that authorizes the company to repurchase $4.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 10.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About Galaxy Gaming

Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.

The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime?21, EZ Baccarat and EZ Pai?Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.