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

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 293,200 shares, a decrease of 40.0% from the September 15th total of 488,700 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is currently 0.2 days. Currently, 2.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several analysts have commented on CGTL shares. Wall Street Zen cut shares of Creative Global Technology from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Creative Global Technology in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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. Marex Group plc purchased a new stake in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned 0.58% of Creative Global Technology as of its most recent filing with the SEC.

Creative Global Technology Price Performance

Shares of Creative Global Technology stock opened at $0.47 on Tuesday. The business has a 50 day simple moving average of $0.60 and a two-hundred day simple moving average of $1.42. Creative Global Technology has a 12 month low of $0.43 and a 12 month high of $10.59.

Creative Global Technology Company Profile

Mission Consumer electronic devices have a limited life, but some rest idle with meaningful useful life left. We help make every minute of recycled consumer electronic devices’ lives count with our expertise in quickly connecting their demands and supplies, thereby facilitating the circular economy in the consumer electronic devices business and reducing waste.