CISO Global, Inc. (NASDAQ:CISO) Short Interest Update

CISO Global, Inc. (NASDAQ:CISO) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 446,729 shares, a growth of 958.7% from the July 30th total of 42,197 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 67,624 shares, the days-to-cover ratio is presently 6.6 days.

Hedge Funds Weigh In On CISO Global

A number of institutional investors and hedge funds have recently made changes to their positions in CISO. XTX Topco Ltd bought a new stake in CISO Global in the 2nd quarter valued at about $37,000. Virtu Financial LLC bought a new position in CISO Global in the third quarter worth approximately $58,000. Jane Street Group LLC acquired a new stake in CISO Global in the second quarter valued at approximately $94,000. Finally, Geode Capital Management LLC grew its stake in CISO Global by 26.7% in the fourth quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock valued at $172,000 after acquiring an additional 75,367 shares during the period. Institutional investors own 40.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

CISO Global Trading Up 5.3%

NASDAQ:CISO traded up $0.01 on Tuesday, reaching $0.22. 124,422 shares of the stock traded hands, compared to its average volume of 467,430. The firm has a market capitalization of $10.22 million, a price-to-earnings ratio of -1.18 and a beta of 1.74. The company’s 50 day moving average is $0.26 and its 200-day moving average is $0.31. CISO Global has a 1-year low of $0.20 and a 1-year high of $1.48.

CISO Global (NASDAQ:CISO) last released its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.05) by $1.01. The business had revenue of $5.79 million for the quarter, compared to analyst estimates of $12.92 million. CISO Global had a negative net margin of 11.67% and a negative return on equity of 20.09%.

About CISO Global

CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.

In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.