Global Interactive Technologies, Inc. (NASDAQ:GITS) Stock Short Interest Report for October

Global Interactive Technologies, Inc. (NASDAQ:GITS) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,882 shares, a growth of 76.8% from the September 30th total of 5,024 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Global Interactive Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Global Interactive Technologies Price Performance

NASDAQ GITS traded up $0.18 on Friday, reaching $1.60. The company had a trading volume of 107,474 shares, compared to its average volume of 23,262. The firm has a market capitalization of $6.72 million, a PE ratio of -1.11 and a beta of -0.59. Global Interactive Technologies has a 1 year low of $0.66 and a 1 year high of $7.09. The firm has a 50-day moving average of $1.80 and a 200-day moving average of $2.06.

Global Interactive Technologies (NASDAQ:GITS) last posted its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $0.00 million for the quarter.

Institutional Trading of Global Interactive Technologies

A hedge fund recently bought a new position in Global Interactive Technologies stock. Bank of America Corp DE acquired a new position in shares of Global Interactive Technologies, Inc. (NASDAQ:GITS) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 53,206 shares of the company’s stock, valued at approximately $119,000. Bank of America Corp DE owned about 1.45% of Global Interactive Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 0.22% of the company’s stock.

Global Interactive Technologies Company Profile

Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.