Creative Global Technology Holdings Limited (NASDAQ:CGTL) Short Interest Update

Creative Global Technology Holdings Limited (NASDAQ:CGTL) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,662 shares, a decrease of 72.6% from the July 30th total of 17,036 shares. Based on an average trading volume of 1,786,119 shares, the short-interest ratio is presently 0.0 days. Currently, 0.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CGTL. Wall Street Zen upgraded Creative Global Technology to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings lowered Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC bought a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.65% of Creative Global Technology as of its most recent SEC filing.

Creative Global Technology Stock Performance

Shares of NASDAQ CGTL traded up $0.08 during trading on Thursday, hitting $4.48. The stock had a trading volume of 10,070 shares, compared to its average volume of 337,705. The firm has a fifty day moving average of $4.73 and a two-hundred day moving average of $14.54. Creative Global Technology has a 12 month low of $2.27 and a 12 month high of $96.00.

Creative Global Technology Company Profile

Creative Global Technology Holdings Inc (NASDAQ: CGTL) is a China-based provider of advanced electronics manufacturing services specializing in the design and production of semiconductor packaging substrates, printed circuit boards (PCBs) and related back-end assembly solutions. The company’s core capabilities encompass high-density interconnect substrates, leadframe and leadless chip carriers, and system-in-package modules, enabling customers to address the miniaturization and performance demands of modern electronic devices.

CGTL serves a broad spectrum of end markets, including smartphones, tablets, computing devices, automotive electronics, and industrial applications.