Golden Matrix Group (GMGI) Short Interest Ratio & Short Volume

Short interest is the volume of Golden Matrix Group shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 49,200 shares of GMGI short. 0.28% of Golden Matrix Group's shares are currently sold short. Learn More on Golden Matrix Group's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GMGI shares currently have a short interest ratio of 1.0. Learn More on Golden Matrix Group's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.28% of Golden Matrix Group's floating shares are currently sold short.

Golden Matrix Group saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 49,200 shares, a drop of 8.6% from the previous total of 53,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Golden Matrix Group currently has issued a total of 36,620,000 shares. Some of Golden Matrix Group's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Golden Matrix Group currently has a public float of 17,320,000 shares.

0.28% of Golden Matrix Group's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Golden Matrix Group: Where Food Comes From, Inc. (0.77%), The NFT Gaming Company, Inc. (0.31%), PLAYSTUDIOS, Inc. (0.71%), Full House Resorts, Inc. (3.76%), QuantaSing Group Limited (0.05%), Flexsteel Industries, Inc. (0.97%), Escalade, Incorporated (1.07%), WW International, Inc. (20.89%), LiveOne, Inc. (3.60%), Hooker Furnishings Co. (1.17%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling GMGI is an investing strategy that aims to generate trading profit from Golden Matrix Group as its price is falling. GMGI shares are trading down $0.08 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Golden Matrix Group occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of GMGI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GMGI, twice per month. The most recent reporting period available is April, 15 2024.