CISO Global, Inc. (NASDAQ:CISO) Short Interest Update

CISO Global, Inc. (NASDAQ:CISO) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 348,271 shares, a growth of 278.8% from the April 30th total of 91,940 shares. Based on an average daily trading volume, of 329,963 shares, the short-interest ratio is presently 1.1 days. Approximately 1.0% of the shares of the company are short sold.

CISO Global Price Performance

NASDAQ:CISO traded up $0.03 on Friday, reaching $0.45. 777,943 shares of the company’s stock were exchanged, compared to its average volume of 403,670. CISO Global has a 52 week low of $0.23 and a 52 week high of $1.49. The stock has a fifty day simple moving average of $0.32 and a 200-day simple moving average of $0.42.

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

Hedge Funds Weigh In On CISO Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in CISO Global by 26.7% during the fourth quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock worth $172,000 after purchasing an additional 75,367 shares during the period. Jane Street Group LLC bought a new position in CISO Global during the second quarter worth about $94,000. Virtu Financial LLC bought a new position in CISO Global during the third quarter worth about $58,000. Finally, XTX Topco Ltd bought a new position in CISO Global during the second quarter worth about $37,000. Institutional investors own 40.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

CISO Global Company Profile

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.