Creative Global Technology Holdings Limited (NASDAQ:CGTL) Shares Shorted: Short Interest Down 68.3% in September

Creative Global Technology Holdings Limited (NASDAQ:CGTL) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 7,800 shares, a decline of 68.3% from the September 15th total of 24,584 shares. Based on an average daily volume of 26,151 shares, the short-interest ratio is presently 0.3 days. Approximately 0.7% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Creative Global Technology to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings cut shares of Creative Global Technology from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, September 10th. 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 Inflows and Outflows

A hedge fund recently bought a new stake in Creative Global Technology stock. Renaissance Technologies LLC bought a new stake in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the first quarter, according to its most recent Form 13F filing with the Securities & 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 filing with the Securities & Exchange Commission.

Creative Global Technology Trading Down 3.7%

Shares of CGTL stock traded down $0.12 during trading hours on Tuesday, hitting $3.26. The stock had a trading volume of 17,898 shares, compared to its average volume of 288,442. Creative Global Technology has a one year low of $2.27 and a one year high of $96.00. The stock’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $7.87.

Creative Global Technology (NASDAQ:CGTL) last announced its quarterly earnings results on Thursday, September 3rd. The company reported ($1.10) EPS for the quarter. The company had revenue of $9.21 million during the quarter.

Creative Global Technology Company Profile

Creative Global Technology Limited (NASDAQ: CGTL) is an electronic products distributor based in Hong Kong. The company primarily supplies computer and electronic components, including memory modules, solid-state drives, integrated circuits and related products.

Creative Global Technology serves customers through business-to-business distribution and sales activities, with operations focused on Hong Kong, mainland China and other markets in Asia. Its products are used in computers, consumer electronics and other technology applications.

Publicly available information about the company’s operating history and leadership is limited.