GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Up 532.3% in May

GCL Global Holdings Ltd. (NASDAQ:GCL) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 408,117 shares, an increase of 532.3% from the May 14th total of 64,544 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 18,298,183 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GCL Global in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of GCL Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC boosted its stake in GCL Global by 54.4% during the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after purchasing an additional 19,699 shares during the last quarter. Geode Capital Management LLC acquired a new position in GCL Global during the 2nd quarter valued at about $54,000. XTX Topco Ltd boosted its stake in shares of GCL Global by 361.2% in the 4th quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock worth $52,000 after buying an additional 38,127 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of GCL Global in the 3rd quarter worth approximately $42,000. 36.55% of the stock is owned by institutional investors.

GCL Global Stock Up 10.7%

GCL Global stock traded up $0.05 during midday trading on Wednesday, reaching $0.47. The stock had a trading volume of 129,603 shares, compared to its average volume of 2,080,788. GCL Global has a 12 month low of $0.41 and a 12 month high of $4.49. The company has a market capitalization of $56.71 million, a P/E ratio of -23.20 and a beta of 0.33. The company has a fifty day moving average price of $0.54 and a two-hundred day moving average price of $0.80. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.98.

GCL Global Company Profile

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.