Short Interest in Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Rises By 16.4%

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 3,169,300 shares, an increase of 16.4% from the September 30th total of 2,723,800 shares. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is currently 528.2 days.

Galaxy Entertainment Group Price Performance

GXYEF opened at $4.40 on Tuesday. The business’s fifty day simple moving average is $4.28 and its 200 day simple moving average is $4.54. Galaxy Entertainment Group has a 52 week low of $3.35 and a 52 week high of $5.84.

Galaxy Entertainment Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, September 25th were issued a dividend of $0.50 per share. The ex-dividend date was 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.