GCL Global Holdings Ltd. (NASDAQ:GCL) Sees Large Decrease in Short Interest

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 41,926 shares, a decline of 73.1% from the November 30th total of 155,939 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 126,316 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 126,316 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GCL. Citadel Advisors LLC increased its stake in shares of GCL Global by 54.4% in the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after buying an additional 19,699 shares during the period. Two Sigma Investments LP bought a new position in GCL Global in the third quarter valued at about $42,000. Finally, Geode Capital Management LLC acquired a new stake in GCL Global in the second quarter worth about $54,000. 36.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on GCL shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GCL Global in a report on Wednesday, October 8th. Wall Street Zen cut GCL Global from a “hold” rating to a “strong sell” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GCL Global currently has an average rating of “Sell”.

GCL Global Trading Down 2.7%

Shares of NASDAQ GCL opened at $1.10 on Thursday. GCL Global has a 1-year low of $1.07 and a 1-year high of $9.89. The company has a 50-day moving average of $1.48 and a two-hundred day moving average of $2.55. The company has a market cap of $134.14 million, a PE ratio of -55.00 and a beta of 0.30. The company has a current ratio of 1.19, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

GCL Global Company Profile

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.