Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Sees Large Growth in Short Interest

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,567,960 shares, a growth of 67.4% from the September 30th total of 9,897,997 shares. Based on an average daily volume of 31,715 shares, the short-interest ratio is presently 522.4 days.

Galaxy Entertainment Group Price Performance

GXYEF stock opened at $4.28 on Tuesday. Galaxy Entertainment Group has a 52 week low of $3.65 and a 52 week high of $5.76. The company’s 50-day moving average price is $4.22 and its 200 day moving average price is $4.52.

Galaxy Entertainment Group Company Profile

Galaxy Entertainment Group Limited is a Macau-based company focused on the development and operation of integrated resorts, casinos, hotels, retail outlets, restaurants and entertainment facilities. Its gaming operations are conducted in Macau under a concession held by its subsidiary, Galaxy Casino, SA

The company’s principal properties include Galaxy Macau, a large integrated resort on Cotai, and StarWorld Macau, a hotel and casino resort in the city’s central business district. Galaxy Macau features hotel accommodations, gaming facilities, dining, shopping, leisure attractions and event venues, while the company’s portfolio also includes Broadway Macau and other hospitality and entertainment offerings.

Galaxy Entertainment serves visitors to Macau from mainland China, Hong Kong and international markets.