Elys BMG Group Sees Unusually High Options Volume (NASDAQ:ELYS)

Elys BMG Group, Inc. (NASDAQ:ELYS) was the target of some unusual options trading activity on Wednesday. Stock investors bought 542 put options on the company. This represents an increase of 885% compared to the average daily volume of 55 put options.

Elys BMG Group Price Performance

Shares of NASDAQ ELYS opened at $0.15 on Thursday. The firm has a 50-day simple moving average of $0.17 and a 200-day simple moving average of $0.22. The stock has a market capitalization of $5.86 million, a price-to-earnings ratio of -0.27 and a beta of 2.71. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.22. Elys BMG Group has a 52 week low of $0.11 and a 52 week high of $0.77.

Institutional Investors Weigh In On Elys BMG Group

Several hedge funds and other institutional investors have recently bought and sold shares of ELYS. Geode Capital Management LLC increased its position in Elys BMG Group by 280.9% during the first quarter. Geode Capital Management LLC now owns 241,087 shares of the company’s stock worth $124,000 after purchasing an additional 177,793 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Elys BMG Group during the second quarter worth about $117,000. UBS Group AG boosted its stake in Elys BMG Group by 668.6% during the fourth quarter. UBS Group AG now owns 118,745 shares of the company’s stock worth $33,000 after buying an additional 103,295 shares during the period. Millennium Management LLC boosted its stake in Elys BMG Group by 112.5% during the second quarter. Millennium Management LLC now owns 143,663 shares of the company’s stock worth $106,000 after buying an additional 76,070 shares during the period. Finally, State Street Corp boosted its stake in Elys BMG Group by 264.5% during the first quarter. State Street Corp now owns 88,200 shares of the company’s stock worth $45,000 after buying an additional 64,000 shares during the period.

About Elys BMG Group

Elys BMG Group, Inc engages in the provision of business-to-consumer gaming services in the United States and Europe. The company offers betting platform software services to leisure betting establishments; and operates web based and land-based leisure betting establishments. Its gaming product offerings include sports betting; and online casino, such as online slot and table games, poker, bingo, skilled and interactive games, virtual sports betting, and horse racing.