Short Interest in GCL Global Holdings Ltd. (NASDAQ:GCL) Grows By 27.6%

GCL Global Holdings Ltd. (NASDAQ:GCL) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 42,976 shares, an increase of 27.6% from the January 15th total of 33,687 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,660,309 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 4,660,309 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of GCL Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new position in GCL Global during the second quarter worth $54,000. Two Sigma Investments LP acquired a new position in GCL Global during the 3rd quarter valued at about $42,000. Finally, Citadel Advisors LLC increased its holdings 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 purchasing an additional 19,699 shares in the last quarter. Institutional investors own 36.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen cut shares of GCL Global from a “hold” rating to a “strong sell” rating in a research 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, GCL Global has a consensus rating of “Sell”.

GCL Global Stock Down 3.9%

GCL stock traded down $0.03 during trading on Tuesday, reaching $0.66. 49,539 shares of the stock were exchanged, compared to its average volume of 2,717,959. The firm’s 50 day moving average is $1.02 and its 200 day moving average is $1.93. The firm has a market cap of $80.01 million, a P/E ratio of -32.81 and a beta of 0.33. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.98. GCL Global has a twelve month low of $0.65 and a twelve month high of $9.89.

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.