CISO Global, Inc. (NASDAQ:CISO) Short Interest Up 278.8% in May

CISO Global, Inc. (NASDAQ:CISO) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 348,271 shares, a growth of 278.8% from the April 30th total of 91,940 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 329,963 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On CISO Global

A number of institutional investors and hedge funds have recently bought and sold shares of CISO. Geode Capital Management LLC increased its position in CISO Global by 280.8% during the second quarter. Geode Capital Management LLC now owns 228,690 shares of the company’s stock worth $263,000 after acquiring an additional 168,637 shares during the period. XTX Topco Ltd bought a new stake in shares of CISO Global during the second quarter valued at approximately $37,000. Jane Street Group LLC bought a new stake in shares of CISO Global during the second quarter valued at approximately $94,000. Finally, Virtu Financial LLC bought a new stake in shares of CISO Global during the third quarter valued at approximately $58,000. Institutional investors own 40.08% of the company’s stock.

CISO Global Stock Up 3.6%

Shares of NASDAQ:CISO traded up $0.02 during trading on Friday, reaching $0.44. The stock had a trading volume of 454,637 shares, compared to its average volume of 363,710. CISO Global has a 52 week low of $0.23 and a 52 week high of $1.49. The stock has a fifty day simple moving average of $0.32 and a two-hundred day simple moving average of $0.42. The firm has a market capitalization of $19.71 million, a price-to-earnings ratio of -1.81 and a beta of 1.43.

CISO Global (NASDAQ:CISO) last announced its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.05) by $1.01. CISO Global had a negative net margin of 16.69% and a negative return on equity of 32.61%. The business had revenue of $6.22 million for the quarter, compared to analyst estimates of $12.92 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, CISO Global currently has an average rating of “Sell”.

CISO Global Company Profile

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.