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

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

Creative Global Technology Stock Down 2.6%

Shares of NASDAQ:CGTL traded down $0.09 during midday trading on Monday, reaching $3.36. The company’s stock had a trading volume of 5,366 shares, compared to its average volume of 289,831. The stock has a fifty day moving average of $4.09 and a 200 day moving average of $7.98. Creative Global Technology has a twelve month low of $2.27 and a twelve month high of $96.00.

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

Wall Street Analysts Forecast Growth

CGTL has been the subject of a number of research reports. Weiss Ratings downgraded Creative Global Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, September 10th. Wall Street Zen upgraded shares of Creative Global Technology to a “sell” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Creative Global Technology has an average rating of “Sell”.

Institutional Investors Weigh In On Creative Global Technology

A hedge fund recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC purchased a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.65% of Creative Global Technology at the end of the most recent 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.