Short Interest in GCL Global Holdings Ltd. (NASDAQ:GCL) Declines By 34.3%

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 33,687 shares, a decrease of 34.3% from the December 31st total of 51,296 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 41,467 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 41,467 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On GCL Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC grew its position in GCL Global by 54.4% during the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after acquiring an additional 19,699 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of GCL Global in the second quarter worth $54,000. Finally, Two Sigma Investments LP bought a new stake in GCL Global during the 3rd quarter valued at $42,000. Institutional investors own 36.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen cut GCL Global from a “hold” rating to a “strong sell” rating in a report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GCL Global in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

GCL Global Trading Up 11.2%

Shares of GCL traded up $0.12 during mid-day trading on Friday, reaching $1.19. The company’s stock had a trading volume of 49,635,974 shares, compared to its average volume of 70,002. GCL Global has a 52 week low of $1.01 and a 52 week high of $9.89. The stock has a market cap of $145.12 million, a PE ratio of -59.50 and a beta of 0.33. The company’s fifty day moving average price is $1.14 and its two-hundred day moving average price is $2.20.

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.