Creative Global Technology Holdings Limited (NASDAQ:CGTL) Short Interest Down 64.1% in June

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 532,961 shares, a drop of 64.1% from the May 31st total of 1,482,563 shares. Based on an average daily trading volume, of 15,729,418 shares, the short-interest ratio is presently 0.0 days. Approximately 3.1% of the company’s shares are short sold.

Creative Global Technology Stock Performance

Creative Global Technology stock traded down $0.04 during midday trading on Tuesday, hitting $0.38. 280,883 shares of the company were exchanged, compared to its average volume of 4,123,500. Creative Global Technology has a fifty-two week low of $0.15 and a fifty-two week high of $6.40. The company’s fifty day moving average price is $0.67 and its 200-day moving average price is $1.56.

Creative Global Technology (NASDAQ:CGTL) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $4.45 million during the quarter.

Institutional Investors Weigh In On Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. XTX Topco Ltd acquired a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned approximately 0.26% of Creative Global Technology at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CGTL. Wall Street Zen lowered shares of Creative Global Technology from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. Weiss Ratings cut shares of Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Creative Global Technology

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.