Galaxy Gaming Inc. (OTCMKTS:GLXZ) Sees Large Growth in Short Interest

by · The Markets Daily

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

Galaxy Gaming Stock Performance

Shares of OTCMKTS:GLXZ opened at $1.60 on Friday. The company has a market capitalization of $40.03 million, a price-to-earnings ratio of 8.42 and a beta of 0.40. Galaxy Gaming has a 12-month low of $1.42 and a 12-month high of $2.99. The business has a 50-day moving average price of $1.67 and a 200 day moving average price of $1.74.

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

Galaxy Gaming Company Profile

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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.

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