Hitek Global Inc. (NASDAQ:HKIT) Sees Significant Increase in Short Interest

Hitek Global Inc. (NASDAQ:HKIT) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 1,800 shares, a growth of 28.6% from the July 31st total of 1,400 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 0.1 days.

Hitek Global Stock Performance

HKIT opened at $1.66 on Wednesday. Hitek Global has a 12-month low of $1.15 and a 12-month high of $1.79. The stock’s 50-day moving average price is $1.47 and its 200 day moving average price is $1.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 13.08 and a quick ratio of 13.02.

Institutional Investors Weigh In On Hitek Global

An institutional investor recently bought a new position in Hitek Global stock. Citadel Advisors LLC purchased a new stake in Hitek Global Inc. (NASDAQ:HKIT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,884 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned approximately 0.15% of Hitek Global at the end of the most recent reporting period. 1.19% of the stock is owned by hedge funds and other institutional investors.

Hitek Global Company Profile

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.