Creative Global Technology Holdings Limited (NASDAQ:CGTL) Sees Significant Increase in Short Interest

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 26,213 shares, a growth of 462.3% from the August 15th total of 4,662 shares. Based on an average daily trading volume, of 79,360 shares, the short-interest ratio is presently 0.3 days. Approximately 2.3% of the shares of the company are short sold.

Creative Global Technology Trading Down 1.0%

Shares of NASDAQ:CGTL traded down $0.04 during trading on Friday, hitting $3.99. 1,386 shares of the company were exchanged, compared to its average volume of 321,639. Creative Global Technology has a 52-week low of $2.27 and a 52-week high of $96.00. The stock has a 50 day moving average of $4.39 and a 200 day moving average of $10.99.

Creative Global Technology (NASDAQ:CGTL) last announced its quarterly earnings results on Thursday, September 3rd. The company reported ($1.10) earnings per share for the quarter. The firm had revenue of $9.21 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. Wall Street Zen upgraded shares of Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Creative Global Technology

A hedge fund recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC purchased a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.65% of Creative Global Technology at the end of the most recent quarter.

Creative Global Technology Company Profile

Creative Global Technology Holdings Inc (NASDAQ: CGTL) is a China-based provider of advanced electronics manufacturing services specializing in the design and production of semiconductor packaging substrates, printed circuit boards (PCBs) and related back-end assembly solutions. The company’s core capabilities encompass high-density interconnect substrates, leadframe and leadless chip carriers, and system-in-package modules, enabling customers to address the miniaturization and performance demands of modern electronic devices.

CGTL serves a broad spectrum of end markets, including smartphones, tablets, computing devices, automotive electronics, and industrial applications.