Stock Traders Purchase Large Volume of Elys BMG Group Put Options (NASDAQ:ELYS)

Elys BMG Group, Inc. (NASDAQ:ELYS) saw some unusual options trading activity on Wednesday. Traders bought 542 put options on the stock. This is an increase of 885% compared to the typical daily volume of 55 put options.

Elys BMG Group Price Performance

NASDAQ:ELYS opened at $0.13 on Friday. Elys BMG Group has a one year low of $0.11 and a one year high of $0.77. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $5.17 million, a price-to-earnings ratio of -0.24 and a beta of 2.71. The firm’s fifty day moving average is $0.16 and its two-hundred day moving average is $0.20.

Institutional Investors Weigh In On Elys BMG Group

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG boosted its holdings in Elys BMG Group by 668.6% in the fourth quarter. UBS Group AG now owns 118,745 shares of the company’s stock valued at $33,000 after purchasing an additional 103,295 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Elys BMG Group by 132.5% during the 1st quarter. Royal Bank of Canada now owns 14,828 shares of the company’s stock worth $35,000 after acquiring an additional 8,450 shares in the last quarter. State Street Corp purchased a new stake in shares of Elys BMG Group during the 1st quarter worth about $42,000. Northern Trust Corp purchased a new stake in shares of Elys BMG Group during the 1st quarter worth about $65,000. Finally, Millennium Management LLC boosted its stake in shares of Elys BMG Group by 112.5% during the 2nd quarter. Millennium Management LLC now owns 143,663 shares of the company’s stock worth $106,000 after acquiring an additional 76,070 shares in the last quarter.

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.