GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Update

GCL Global Holdings Ltd. (NASDAQ:GCL) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 83,807 shares, a decrease of 55.1% from the July 15th total of 186,814 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 144,264 shares, the short-interest ratio is presently 0.6 days.

GCL Global Trading Up 8.6%

GCL traded up $0.04 on Friday, reaching $0.52. 488,176 shares of the company traded hands, compared to its average volume of 818,691. The company has a market cap of $67.10 million, a P/E ratio of -26.21 and a beta of 0.36. The company has a quick ratio of 1.13, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. GCL Global has a one year low of $0.38 and a one year high of $3.79. The firm has a fifty day simple moving average of $0.45 and a two-hundred day simple moving average of $0.57.

GCL Global (NASDAQ:GCL) last issued its earnings results on Friday, July 31st. The company reported ($0.08) EPS for the quarter. The firm had revenue of $70.10 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered GCL Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, GCL Global has a consensus rating of “Sell”.

Institutional Investors Weigh In On GCL Global

Several hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new position in shares of GCL Global during the third quarter valued at $42,000. XTX Topco Ltd grew its holdings in GCL Global by 361.2% during the 4th quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock worth $52,000 after acquiring an additional 38,127 shares in the last quarter. Geode Capital Management LLC bought a new position in GCL Global during the 2nd quarter worth about $54,000. Finally, Citadel Advisors LLC raised its holdings in shares of GCL Global by 54.4% in the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after purchasing an additional 19,699 shares in the last quarter. 36.55% of the stock is currently owned by hedge funds and other institutional investors.

About GCL Global

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.