CISO Global, Inc. (NASDAQ:CISO) Short Interest Up 278.8% in May

CISO Global, Inc. (NASDAQ:CISO) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 348,271 shares, a growth of 278.8% from the April 30th total of 91,940 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 329,963 shares, the days-to-cover ratio is currently 1.1 days.

CISO Global Price Performance

Shares of CISO traded up $0.02 during trading hours on Friday, hitting $0.44. The stock had a trading volume of 454,637 shares, compared to its average volume of 363,710. The company’s fifty day moving average is $0.32 and its two-hundred day moving average is $0.42. CISO Global has a 52 week low of $0.23 and a 52 week high of $1.49. The stock has a market capitalization of $19.71 million, a price-to-earnings ratio of -1.81 and a beta of 1.43.

CISO Global (NASDAQ:CISO) last posted its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($1.05) by $1.01. CISO Global had a negative net margin of 16.69% and a negative return on equity of 32.61%. The business had revenue of $6.22 million for the quarter, compared to analyst estimates of $12.92 million.

Institutional Investors Weigh In On CISO Global

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of CISO Global by 26.7% in the 4th quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock worth $172,000 after purchasing an additional 75,367 shares during the last quarter. Virtu Financial LLC acquired a new position in CISO Global during the 3rd quarter worth about $58,000. Jane Street Group LLC acquired a new stake in CISO Global in the 2nd quarter valued at about $94,000. Finally, XTX Topco Ltd acquired a new stake in CISO Global in the 2nd quarter valued at about $37,000. Institutional investors own 40.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, CISO Global currently has an average rating of “Sell”.

About CISO Global

CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.

In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.