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

Galaxy Gaming Inc. (OTCMKTS:GLXZ) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 797 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 100,941 shares, the short-interest ratio is currently 0.0 days.

Galaxy Gaming Stock Performance

Shares of GLXZ remained flat at $1.60 on Friday. The company had a trading volume of 26,894 shares, compared to its average volume of 76,511. The firm has a market capitalization of $40.10 million, a PE ratio of 8.42 and a beta of 0.42. The business has a 50-day moving average price of $1.65 and a 200 day moving average price of $1.73. Galaxy Gaming has a one year low of $1.42 and a one year high of $2.99.

Galaxy Gaming declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 22nd that allows the company to repurchase $4.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Galaxy Gaming Company Profile

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.