CISO Global, Inc. (NASDAQ:CISO) Shares Shorted: Short Interest Up 934.6% in October

CISO Global, Inc. (NASDAQ:CISO) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 686,393 shares, a growth of 934.6% from the September 30th total of 66,342 shares. Based on an average trading volume of 199,858 shares, the short-interest ratio is currently 3.4 days. Currently, 2.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CISO Global in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

CISO Global Trading Down 2.5%

NASDAQ:CISO traded down $0.00 during midday trading on Monday, reaching $0.18. 64,054 shares of the stock traded hands, compared to its average volume of 203,495. CISO Global has a 12-month low of $0.16 and a 12-month high of $1.29. The business has a 50-day moving average of $0.22 and a two-hundred day moving average of $0.31.

CISO Global (NASDAQ:CISO) last announced its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($1.05) by $1.01. The firm had revenue of $5.79 million for the quarter, compared to the consensus estimate of $12.92 million. CISO Global had a negative return on equity of 20.09% and a negative net margin of 11.67%.

About CISO Global

CISO Global, Inc is a cybersecurity and compliance company that helps organizations identify, manage and respond to cyber risks. Its services are designed for businesses and public-sector entities seeking to strengthen security programs, protect sensitive information and meet regulatory requirements.

The company provides managed cybersecurity and security operations services, incident response, digital forensics, penetration testing, vulnerability assessments and virtual chief information security officer services.