Creative Global Technology Holdings Limited (NASDAQ:CGTL) Stock Short Interest Report for September

Creative Global Technology Holdings Limited (NASDAQ:CGTL) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 7,800 shares, a decline of 68.3% from the September 15th total of 24,584 shares. Based on an average trading volume of 26,151 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

CGTL has been the subject of a number of recent research reports. Wall Street Zen upgraded Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. Weiss Ratings lowered shares of Creative Global Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Creative Global Technology Trading Up 3.2%

CGTL traded up $0.10 during trading on Wednesday, hitting $3.25. The company’s stock had a trading volume of 4,563 shares, compared to its average volume of 287,087. The firm’s 50 day moving average price is $4.05 and its 200-day moving average price is $7.77. Creative Global Technology has a twelve month low of $2.27 and a twelve month high of $96.00.

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

Hedge Funds Weigh In On Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. Renaissance Technologies LLC acquired a new stake in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.65% of Creative Global Technology at the end of the most recent quarter.

Creative Global Technology Company Profile

Creative Global Technology Limited (NASDAQ: CGTL) is an electronic products distributor based in Hong Kong. The company primarily supplies computer and electronic components, including memory modules, solid-state drives, integrated circuits and related products.

Creative Global Technology serves customers through business-to-business distribution and sales activities, with operations focused on Hong Kong, mainland China and other markets in Asia. Its products are used in computers, consumer electronics and other technology applications.

Publicly available information about the company’s operating history and leadership is limited.