Short Interest in CISO Global, Inc. (NASDAQ:CISO) Expands By 958.7%

CISO Global, Inc. (NASDAQ:CISO) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 446,729 shares, an increase of 958.7% from the July 30th total of 42,197 shares. Based on an average daily trading volume, of 67,624 shares, the days-to-cover ratio is presently 6.6 days. Approximately 1.3% of the company’s shares are short sold.

Institutional Trading of CISO Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in CISO Global by 26.7% in the 4th quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock valued at $172,000 after purchasing an additional 75,367 shares during the period. Virtu Financial LLC purchased a new stake in shares of CISO Global in the third quarter worth $58,000. Jane Street Group LLC purchased a new stake in shares of CISO Global in the second quarter worth $94,000. Finally, XTX Topco Ltd purchased a new stake in shares of CISO Global in the second quarter worth $37,000. 40.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CISO Global presently has an average rating of “Sell”.

CISO Global Stock Performance

Shares of CISO opened at $0.22 on Wednesday. The firm has a market cap of $10.20 million, a P/E ratio of -1.17 and a beta of 1.74. The business has a 50-day moving average of $0.26 and a 200 day moving average of $0.31. CISO Global has a fifty-two week low of $0.20 and a fifty-two week high of $1.48.

CISO Global (NASDAQ:CISO) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($1.05) by $1.01. CISO Global had a negative return on equity of 20.09% and a negative net margin of 11.67%.The company had revenue of $5.79 million during the quarter, compared to analysts’ expectations of $12.92 million.

CISO Global Company Profile

CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.

In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.