Short Interest in Hitek Global Inc. (NASDAQ:HKIT) Drops By 11.8%

Hitek Global Inc. (NASDAQ:HKIT) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 26,100 shares, a drop of 11.8% from the September 15th total of 29,600 shares. Based on an average trading volume of 36,300 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

Hitek Global Price Performance

NASDAQ:HKIT opened at $1.40 on Thursday. Hitek Global has a 12 month low of $0.54 and a 12 month high of $6.48. The company’s 50 day moving average is $1.48 and its 200-day moving average is $1.48.

About Hitek Global

Hitek Global Inc provides information technology (IT) consulting and solutions to small and medium businesses in various industry sectors in China. It offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as Internet servers, cameras, and monitors.