Creative Global Technology Holdings Limited (NASDAQ:CGTL) Short Interest Update

Creative Global Technology Holdings Limited (NASDAQ:CGTL) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 211,400 shares, a decrease of 27.9% from the September 30th total of 293,200 shares. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.8% of the shares of the stock are sold short. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is currently 0.1 days.

Creative Global Technology Stock Performance

Shares of NASDAQ:CGTL traded up $0.03 during trading on Tuesday, reaching $0.54. 123,773 shares of the company traded hands, compared to its average volume of 1,562,981. The business’s fifty day moving average is $0.56 and its 200-day moving average is $1.06. Creative Global Technology has a 52-week low of $0.41 and a 52-week high of $10.59.

Analyst Upgrades and Downgrades

CGTL has been the topic of several research reports. Wall Street Zen downgraded shares of Creative Global Technology from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Creative Global Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. Marex Group plc bought a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned 0.58% of Creative Global Technology as of its most recent SEC filing.

Creative Global Technology Company Profile

Mission Consumer electronic devices have a limited life, but some rest idle with meaningful useful life left. We help make every minute of recycled consumer electronic devices’ lives count with our expertise in quickly connecting their demands and supplies, thereby facilitating the circular economy in the consumer electronic devices business and reducing waste.