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

Global Interactive Technologies, Inc. (NASDAQ:GITS) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 31,721 shares, a growth of 256.5% from the May 14th total of 8,897 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 304,681 shares, the short-interest ratio is currently 0.1 days.

Global Interactive Technologies Trading Down 12.0%

Shares of GITS stock traded down $0.24 during mid-day trading on Friday, reaching $1.76. The stock had a trading volume of 23,927 shares, compared to its average volume of 163,457. The business’s fifty day moving average is $1.85 and its 200-day moving average is $1.87. The firm has a market cap of $6.46 million, a price-to-earnings ratio of -1.20 and a beta of -0.67. Global Interactive Technologies has a 1-year low of $0.66 and a 1-year high of $7.09.

Global Interactive Technologies (NASDAQ:GITS) last announced its quarterly earnings data on Friday, May 22nd. The company reported ($0.88) earnings per share for the quarter. The firm had revenue of $0.00 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Interactive Technologies stock. Bank of America Corp DE acquired a new stake in Global Interactive Technologies, Inc. (NASDAQ:GITS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,206 shares of the company’s stock, valued at approximately $119,000. Bank of America Corp DE owned 1.45% of Global Interactive Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 0.22% of the stock is currently owned by institutional investors and hedge funds.

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.