Creative Global Technology Holdings Limited (NASDAQ:CGTL) Sees Large Growth in Short Interest

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 1,482,563 shares, an increase of 787.7% from the May 14th total of 167,019 shares. Based on an average daily trading volume, of 14,268,857 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.6% of the shares of the company are short sold.

Creative Global Technology Stock Up 8.5%

NASDAQ:CGTL opened at $0.42 on Wednesday. The firm’s 50 day moving average is $0.88 and its 200 day moving average is $1.59. Creative Global Technology has a 12 month low of $0.15 and a 12 month high of $6.40.

Creative Global Technology (NASDAQ:CGTL) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.07 EPS for the quarter. The company 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 purchased a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned 0.26% of Creative Global Technology at the end of the most recent quarter.

Wall Street Analyst Weigh In

CGTL has been the topic of several recent analyst reports. Wall Street Zen cut shares of Creative Global Technology from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. Weiss Ratings raised shares of Creative Global Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Creative Global Technology has a consensus rating of “Sell”.

Creative Global Technology Company Profile

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.