Investors Purchase High Volume of Put Options on Elys BMG Group (NASDAQ:ELYS)

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

Institutional Trading of Elys BMG Group

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of Elys BMG Group by 132.5% in the first quarter. Royal Bank of Canada now owns 14,828 shares of the company’s stock worth $35,000 after purchasing an additional 8,450 shares in the last quarter. State Street Corp purchased a new stake in shares of Elys BMG Group in the first quarter worth approximately $42,000. Northern Trust Corp purchased a new stake in shares of Elys BMG Group in the first quarter worth approximately $65,000. Millennium Management LLC lifted its position in shares of Elys BMG Group by 112.5% in the second quarter. Millennium Management LLC now owns 143,663 shares of the company’s stock worth $106,000 after purchasing an additional 76,070 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Elys BMG Group by 668.6% in the fourth quarter. UBS Group AG now owns 118,745 shares of the company’s stock worth $33,000 after purchasing an additional 103,295 shares in the last quarter.

Elys BMG Group Price Performance

NASDAQ ELYS opened at $0.14 on Thursday. The company has a 50 day simple moving average of $0.16 and a 200-day simple moving average of $0.20. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $5.24 million, a price-to-earnings ratio of -0.24 and a beta of 2.71. Elys BMG Group has a 52-week low of $0.11 and a 52-week high of $0.77.

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.