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

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 23,324 shares, a drop of 95.4% from the June 30th total of 502,452 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 152,054 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Several research firms recently weighed in on CGTL. 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. Wall Street Zen upgraded shares of Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund 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) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned about 0.26% of Creative Global Technology as of its most recent filing with the Securities and Exchange Commission.

Creative Global Technology Price Performance

Shares of CGTL traded up $0.03 during midday trading on Friday, reaching $4.81. The stock had a trading volume of 11,578 shares, compared to its average volume of 95,161. The company’s 50-day moving average is $5.57 and its 200 day moving average is $21.75. Creative Global Technology has a 12-month low of $2.27 and a 12-month high of $96.00.

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.