Global Interactive Technologies, Inc. (NASDAQ:GITS) Short Interest Update

Global Interactive Technologies, Inc. (NASDAQ:GITS) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 408,746 shares, an increase of 269.9% from the January 15th total of 110,515 shares. Approximately 12.3% of the company’s shares are short sold. Based on an average trading volume of 15,226,834 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 15,226,834 shares, the short-interest ratio is presently 0.0 days. Approximately 12.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Global Interactive Technologies

A hedge fund recently bought a new stake in Global Interactive Technologies stock. Citadel Advisors LLC acquired a new position in shares of Global Interactive Technologies, Inc. (NASDAQ:GITS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.49% of Global Interactive Technologies at the end of the most recent quarter. 0.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Global Interactive Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Global Interactive Technologies presently has a consensus rating of “Sell”.

Global Interactive Technologies Trading Down 24.0%

NASDAQ:GITS traded down $0.64 on Thursday, hitting $2.03. 103,564 shares of the company’s stock traded hands, compared to its average volume of 7,735,028. The company has a market cap of $7.45 million, a PE ratio of -3.44 and a beta of -0.86. Global Interactive Technologies has a 1 year low of $0.66 and a 1 year high of $7.09. The firm has a 50-day moving average price of $1.60 and a 200-day moving average price of $1.88.

Global Interactive Technologies (NASDAQ:GITS) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.17) EPS for the quarter. The company had revenue of $1.84 million for the quarter.

Global Interactive Technologies Company Profile

Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.