Short Interest in Creative Global Technology Holdings Limited (NASDAQ:CGTL) Drops By 95.4%

Creative Global Technology Holdings Limited (NASDAQ:CGTL) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 23,324 shares, a decrease of 95.4% from the June 30th total of 502,452 shares. Based on an average trading volume of 152,054 shares, the short-interest ratio is currently 0.2 days. Currently, 2.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. Renaissance Technologies LLC acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.65% of Creative Global Technology as of its most recent SEC filing.

Analyst Upgrades and Downgrades

CGTL has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Creative Global Technology to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings cut Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Creative Global Technology Stock Performance

Creative Global Technology stock traded up $0.03 during mid-day trading on Friday, reaching $4.81. The company had a trading volume of 11,578 shares, compared to its average volume of 95,161. Creative Global Technology has a fifty-two week low of $2.27 and a fifty-two week high of $96.00. The business has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $21.75.

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.