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

Galaxy Gaming Inc. (OTCMKTS:GLXZ) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,000 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 296,708 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Galaxy Gaming Price Performance

Shares of Galaxy Gaming stock opened at $1.74 on Friday. Galaxy Gaming has a 1 year low of $1.42 and a 1 year high of $2.99. The firm has a market cap of $43.53 million, a PE ratio of 9.16 and a beta of 0.40. The stock has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.82.

Galaxy Gaming declared that its Board of Directors has authorized a share buyback program on Wednesday, July 22nd that authorizes the company to repurchase $4.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Galaxy Gaming Company Profile

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.