GCL Global Holdings Ltd. (NASDAQ:GCL) Sees Large Growth in Short Interest

GCL Global Holdings Ltd. (NASDAQ:GCL) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 93,043 shares, a growth of 116.5% from the January 29th total of 42,976 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 359,294 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 359,294 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On GCL Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd raised its stake in GCL Global by 361.2% during the 4th quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock valued at $52,000 after buying an additional 38,127 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of GCL Global by 54.4% in the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after buying an additional 19,699 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of GCL Global in the third quarter worth $42,000. Finally, Geode Capital Management LLC purchased a new stake in GCL Global during the second quarter valued at $54,000. Hedge funds and other institutional investors own 36.55% of the company’s stock.

GCL Global Stock Performance

NASDAQ:GCL traded down $0.00 during mid-day trading on Friday, reaching $0.63. The company’s stock had a trading volume of 4,371 shares, compared to its average volume of 1,420,083. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.98. The stock has a market cap of $76.25 million, a P/E ratio of -31.27 and a beta of 0.33. The firm’s fifty day moving average price is $0.95 and its two-hundred day moving average price is $1.80. GCL Global has a 12-month low of $0.60 and a 12-month high of $4.49.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GCL shares. Wall Street Zen lowered GCL Global from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 6th. Weiss Ratings reissued 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, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.