Global Interactive Technologies, Inc. (NASDAQ:GITS) Short Interest Update

Global Interactive Technologies, Inc. (NASDAQ:GITS) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 8,464 shares, a drop of 75.8% from the July 30th total of 34,996 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 194,605 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Global Interactive Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Global Interactive Technologies presently has an average rating of “Sell”.

Institutional Trading of Global Interactive Technologies

An institutional investor recently bought a new position in Global Interactive Technologies stock. Citadel Advisors LLC purchased a new stake in Global Interactive Technologies, Inc. (NASDAQ:GITS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.49% of Global Interactive Technologies as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.22% of the company’s stock.

Global Interactive Technologies Stock Performance

Shares of GITS stock traded up $0.09 during trading on Thursday, hitting $1.80. 50,364 shares of the company were exchanged, compared to its average volume of 198,841. The firm has a market capitalization of $6.61 million, a price-to-earnings ratio of -1.28 and a beta of -0.61. The business’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $2.08. Global Interactive Technologies has a twelve month low of $0.66 and a twelve month high of $7.09.

Global Interactive Technologies (NASDAQ:GITS) last released its quarterly earnings data on Monday, June 22nd. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $0.00 million for the quarter.

About Global Interactive Technologies

Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.