GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Up 532.3% in May

GCL Global Holdings Ltd. (NASDAQ:GCL) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 408,117 shares, a growth of 532.3% from the May 14th total of 64,544 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 18,298,183 shares, the short-interest ratio is currently 0.0 days.

GCL Global Price Performance

Shares of GCL stock traded up $0.02 during mid-day trading on Thursday, reaching $0.45. The company’s stock had a trading volume of 113,296 shares, compared to its average volume of 2,063,366. GCL Global has a 1-year low of $0.41 and a 1-year high of $4.49. The company has a market cap of $54.88 million, a P/E ratio of -22.50 and a beta of 0.33. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.84 and a current ratio of 1.31. The firm’s 50-day moving average is $0.54 and its two-hundred day moving average is $0.79.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GCL Global in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On GCL Global

Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC raised its stake in GCL Global by 54.4% during the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after acquiring an additional 19,699 shares in the last quarter. XTX Topco Ltd raised its stake in GCL Global by 361.2% during the fourth quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock worth $52,000 after acquiring an additional 38,127 shares in the last quarter. Two Sigma Investments LP acquired a new position in GCL Global during the third quarter worth $42,000. Finally, Geode Capital Management LLC acquired a new position in GCL Global during the second quarter worth $54,000. Institutional investors and hedge funds own 36.55% of the company’s stock.

About GCL Global

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.