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

Galaxy Gaming Inc. (OTCMKTS:GLXZ) saw a significant growth in short interest in the month of 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 81,913 shares, the short-interest ratio is presently 0.1 days.

Galaxy Gaming Stock Performance

Shares of GLXZ opened at $1.60 on Friday. The company’s 50-day simple moving average is $1.67 and its 200-day simple moving average is $1.74. Galaxy Gaming has a 1 year low of $1.42 and a 1 year high of $2.99. The stock has a market capitalization of $40.03 million, a PE ratio of 8.42 and a beta of 0.40.

Galaxy Gaming announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 22nd that allows the company to buyback $4.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 10.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are 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.