Creative Global Technology Holdings Limited (NASDAQ:CGTL) Short Interest Down 64.1% in June

Creative Global Technology Holdings Limited (NASDAQ:CGTL) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 532,961 shares, a decline of 64.1% from the May 31st total of 1,482,563 shares. Based on an average daily volume of 15,729,418 shares, the short-interest ratio is presently 0.0 days. Currently, 3.1% of the shares of the company are sold short.

Creative Global Technology Stock Performance

NASDAQ CGTL traded up $0.01 on Monday, reaching $0.42. The company had a trading volume of 953,771 shares, compared to its average volume of 4,152,015. The firm’s 50 day moving average price is $0.68 and its 200 day moving average price is $1.56. Creative Global Technology has a 12 month low of $0.15 and a 12 month high of $6.40.

Creative Global Technology (NASDAQ:CGTL) last announced its earnings results on Friday, January 30th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $4.45 million for the quarter.

Wall Street Analysts Forecast Growth

CGTL has been the topic of a number of analyst reports. Weiss Ratings cut Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. Wall Street Zen cut shares of Creative Global Technology from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Creative Global Technology presently has a consensus rating of “Sell”.

Institutional Trading of Creative Global Technology

A hedge fund recently bought a new position in Creative Global Technology stock. XTX Topco Ltd bought a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned approximately 0.26% of Creative Global Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

About Creative Global Technology

Creative Global Technology Holdings Inc (NASDAQ: CGTL) is a China-based provider of advanced electronics manufacturing services specializing in the design and production of semiconductor packaging substrates, printed circuit boards (PCBs) and related back-end assembly solutions. The company’s core capabilities encompass high-density interconnect substrates, leadframe and leadless chip carriers, and system-in-package modules, enabling customers to address the miniaturization and performance demands of modern electronic devices.

CGTL serves a broad spectrum of end markets, including smartphones, tablets, computing devices, automotive electronics, and industrial applications.