Creative Global Technology Holdings Limited (NASDAQ:CGTL) Shares Shorted: Short Interest Down 68.3% in September

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 7,800 shares, a decline of 68.3% from the September 15th total of 24,584 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 26,151 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Creative Global Technology from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, September 10th. Wall Street Zen raised Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

Creative Global Technology Stock Performance

Shares of Creative Global Technology stock traded down $0.09 during midday trading on Monday, hitting $3.36. The company had a trading volume of 5,366 shares, compared to its average volume of 289,831. The company has a fifty day simple moving average of $4.09 and a 200 day simple moving average of $7.98. Creative Global Technology has a 12-month low of $2.27 and a 12-month high of $96.00.

Creative Global Technology (NASDAQ:CGTL) last issued its quarterly earnings results on Thursday, September 3rd. The company reported ($1.10) earnings per share (EPS) for the quarter. The business had revenue of $9.21 million for the quarter.

Hedge Funds Weigh In On Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. Renaissance Technologies LLC bought a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.65% of Creative Global Technology at the end of the most recent reporting period.

About Creative Global Technology

Creative Global Technology Limited (NASDAQ: CGTL) is an electronic products distributor based in Hong Kong. The company primarily supplies computer and electronic components, including memory modules, solid-state drives, integrated circuits and related products.

Creative Global Technology serves customers through business-to-business distribution and sales activities, with operations focused on Hong Kong, mainland China and other markets in Asia. Its products are used in computers, consumer electronics and other technology applications.

Publicly available information about the company’s operating history and leadership is limited.