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

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,063 shares, a drop of 60.7% from the September 30th total of 7,800 shares. Based on an average daily volume of 14,956 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Creative Global Technology Trading Up 19.3%

Shares of CGTL stock opened at $2.72 on Thursday. Creative Global Technology has a 1 year low of $2.27 and a 1 year high of $96.00. The firm’s 50 day moving average is $3.76 and its 200-day moving average is $15.64.

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

Analysts Set New Price Targets

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

Institutional Trading of 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) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.65% of Creative Global Technology at the end of the most recent reporting period.

Creative Global Technology Company Profile

Creative Global Technology Limited (NASDAQ: CGTL) is a Hong Kong-based company engaged in the trading and recycling of electronic components. Its business focuses on sourcing, processing, and reselling electronic parts, including used or surplus components, to customers in the electronics supply chain.

The company’s activities include electronic-component recycling and supply-chain services designed to recover value from excess, obsolete, or otherwise unwanted inventory. It also trades electronic components for use by manufacturers, distributors, and other businesses that require parts for production or resale.

Creative Global Technology serves customers through its operations in Hong Kong and related international electronics markets.