CISO Global, Inc. (NASDAQ:CISO) Short Interest Down 95.8% in July

CISO Global, Inc. (NASDAQ:CISO) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 42,197 shares, a decline of 95.8% from the July 15th total of 1,006,764 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 119,021 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

CISO Global Stock Down 4.2%

Shares of CISO traded down $0.01 during mid-day trading on Wednesday, reaching $0.25. The company’s stock had a trading volume of 62,643 shares, compared to its average volume of 476,381. The company has a market cap of $11.29 million, a price-to-earnings ratio of -1.04 and a beta of 1.74. The business has a fifty day moving average of $0.28 and a 200 day moving average of $0.33. CISO Global has a 1 year low of $0.21 and a 1 year high of $1.48.

CISO Global (NASDAQ:CISO) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.05) by $1.01. The business had revenue of $6.22 million for the quarter, compared to the consensus estimate of $12.92 million. CISO Global had a negative return on equity of 32.61% and a negative net margin of 16.69%.

Hedge Funds Weigh In On CISO Global

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of CISO Global in the second quarter worth approximately $37,000. Virtu Financial LLC purchased a new position in CISO Global during the third quarter valued at approximately $58,000. Jane Street Group LLC acquired a new position in CISO Global in the 2nd quarter valued at approximately $94,000. Finally, Geode Capital Management LLC increased its stake in CISO Global by 26.7% in the 4th quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock valued at $172,000 after buying an additional 75,367 shares during the period. Institutional investors and hedge funds own 40.08% of the company’s stock.

About CISO Global

CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.

In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.