Galaxy Gaming Inc. (OTCMKTS:GLXZ – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,000 shares, an increase of ∞ from the July 15th total of 0 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 296,708 shares, the short-interest ratio is currently 0.0 days.
Galaxy Gaming Stock Performance
Galaxy Gaming stock opened at $1.74 on Friday. Galaxy Gaming has a fifty-two week low of $1.42 and a fifty-two week high of $2.99. The stock has a market cap of $43.53 million, a PE ratio of 9.16 and a beta of 0.40. The firm’s 50-day simple moving average is $1.70 and its 200 day simple moving average is $1.82.
Galaxy Gaming announced that its board has approved a stock buyback plan on Wednesday, July 22nd that permits the company to repurchase $4.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Galaxy Gaming Company Profile
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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