Creative Global Technology Holdings Limited (NASDAQ:CGTL) Short Interest Update

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 26,213 shares, an increase of 462.3% from the August 15th total of 4,662 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 79,360 shares, the short-interest ratio is currently 0.3 days.

Creative Global Technology Stock Performance

NASDAQ CGTL traded down $0.17 on Friday, reaching $3.86. 9,643 shares of the stock traded hands, compared to its average volume of 947,447. Creative Global Technology has a 12 month low of $2.27 and a 12 month high of $96.00. The firm’s fifty day simple moving average is $4.36 and its 200 day simple moving average is $10.94.

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

Analysts Set New Price Targets

CGTL has been the topic of several recent analyst reports. Weiss Ratings downgraded Creative Global Technology from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday. Wall Street Zen upgraded shares of Creative Global Technology to a “sell” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC acquired a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned 0.65% of Creative Global Technology at the end of the most recent quarter.

Creative Global Technology Company Profile

Creative Global Technology Holdings Inc (NASDAQ: CGTL) is a China-based provider of advanced electronics manufacturing services specializing in the design and production of semiconductor packaging substrates, printed circuit boards (PCBs) and related back-end assembly solutions. The company’s core capabilities encompass high-density interconnect substrates, leadframe and leadless chip carriers, and system-in-package modules, enabling customers to address the miniaturization and performance demands of modern electronic devices.

CGTL serves a broad spectrum of end markets, including smartphones, tablets, computing devices, automotive electronics, and industrial applications.