Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Stock Short Interest Climbs 56.2%

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 822,098 shares, an increase of 56.2% from the August 31st total of 526,175 shares. Based on an average trading volume of 85,582 shares, the days-to-cover ratio is currently 9.6 days.

Galaxy Entertainment Group Stock Performance

GXYEF traded down $0.25 on Wednesday, reaching $4.01. The company’s stock had a trading volume of 300 shares, compared to its average volume of 16,372. Galaxy Entertainment Group has a fifty-two week low of $3.68 and a fifty-two week high of $5.76. The stock has a 50 day moving average of $4.43 and a two-hundred day moving average of $4.35.

Galaxy Entertainment Group Company Profile

Galaxy Entertainment Group Limited is a Hong Kong-based developer and operator of integrated resort, hospitality and entertainment businesses in Macau. Its operations combine gaming with hotels, restaurants, retail, leisure facilities and convention and entertainment offerings.

The company’s principal properties include Galaxy Macau and Broadway Macau on Cotai, as well as StarWorld Macau on the Macau Peninsula. These resorts offer casino gaming, luxury and lifestyle accommodations, dining venues, shopping, entertainment and event facilities designed to serve both leisure and business visitors.

Galaxy Entertainment traces its roots to 1989 and has expanded its presence in Macau through the development of large-scale integrated resorts.