CISO Global, Inc. (NASDAQ:CISO) Sees Large Drop in Short Interest

CISO Global, Inc. (NASDAQ:CISO) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 42,197 shares, a drop of 95.8% from the July 15th total of 1,006,764 shares. Based on an average daily trading volume, of 119,021 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One equities 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 Trading of CISO Global

A number of hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in CISO Global in the 2nd quarter valued at approximately $37,000. Virtu Financial LLC bought a new position in CISO Global during the 3rd quarter worth $58,000. Jane Street Group LLC bought a new stake in shares of CISO Global in the 2nd quarter valued at about $94,000. Finally, Geode Capital Management LLC raised its position in shares of CISO Global by 26.7% during the fourth quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock worth $172,000 after acquiring an additional 75,367 shares during the last quarter. 40.08% of the stock is owned by institutional investors and hedge funds.

CISO Global Stock Up 0.4%

Shares of CISO stock traded up $0.00 during trading hours on Thursday, reaching $0.26. 10,263 shares of the company’s stock were exchanged, compared to its average volume of 474,066. CISO Global has a fifty-two week low of $0.21 and a fifty-two week high of $1.48. The stock has a market capitalization of $11.83 million, a P/E ratio of -1.09 and a beta of 1.74. The business has a fifty day moving average price of $0.28 and a 200-day moving average price of $0.33.

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

CISO Global Company Profile

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.