CISO Global, Inc. (NASDAQ:CISO) Short Interest Up 54.5% in August

CISO Global, Inc. (NASDAQ:CISO) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 837,100 shares, agrowthof54.5% from the July 31st total of 541,800 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is currently 0.7 days. Approximately5.7% of the shares of the company are sold short. Approximately5.7% of the shares of the company are sold short. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of CISO Global from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

CISO Global Trading Up 4.4%

CISO Global stock traded up $0.05 during midday trading on Tuesday, hitting $1.13. The stock had a trading volume of 345,644 shares, compared to its average volume of 2,444,521. The firm’s fifty day moving average is $1.02 and its two-hundred day moving average is $0.92. CISO Global has a 52-week low of $0.30 and a 52-week high of $3.84.

CISO Global (NASDAQ:CISO) last released its earnings results on Thursday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $6.71 million during the quarter. CISO Global had a negative return on equity of 264.11% and a negative net margin of 61.08%.

Institutional Investors Weigh In On CISO Global

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new stake in CISO Global during the 4th quarter valued at approximately $46,000. Geode Capital Management LLC grew its holdings in shares of CISO Global by 280.8% in the second quarter. Geode Capital Management LLC now owns 228,690 shares of the company’s stock valued at $263,000 after purchasing an additional 168,637 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of CISO Global in the second quarter valued at $94,000. Finally, XTX Topco Ltd purchased a new position in shares of CISO Global in the second quarter valued at $37,000. 40.08% of the stock is owned by hedge funds and other institutional investors.

CISO Global Company Profile

CISO Global Inc operates as a cybersecurity and compliance company in the United States, Chile, and internationally. The company offers security managed services, including compliance, secured managed, and cyber defense operation services; culture education and enablement; tools and technology provisioning; data, privacy, regulations, and compliance monitoring; remote infrastructure administration; and antivirus and patch management services.