Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Sees Significant Drop in Short Interest

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,911,900 shares, a decline of 5.2% from the August 31st total of 2,016,900 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 1,470.7 days.

Galaxy Entertainment Group Stock Performance

Shares of Galaxy Entertainment Group stock traded up $0.23 during trading on Monday, hitting $5.05. The company’s stock had a trading volume of 5,350 shares, compared to its average volume of 6,575. Galaxy Entertainment Group has a 52 week low of $3.35 and a 52 week high of $5.84. The stock has a 50-day moving average price of $4.04 and a two-hundred day moving average price of $4.58.

Galaxy Entertainment Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, September 25th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 24th. This represents a dividend yield of 1.71%.

About Galaxy Entertainment Group

Galaxy Entertainment Group Limited, an investment holding company, engages in the gaming and entertainment businesses in Macau, Hong Kong, and Mainland China. It operates through Gaming and Entertainment, and Construction Materials segments. The company operates casino games of chance or games of other forms; and provides hospitality and related services.