Creative Global Technology Holdings Limited (NASDAQ:CGTL) Short Interest Update

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,662 shares, a decrease of 72.6% from the July 30th total of 17,036 shares. Based on an average trading volume of 1,786,119 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Creative Global Technology

A hedge fund recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC purchased a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.65% of Creative Global Technology at the end of the most recent quarter.

Creative Global Technology Stock Down 4.9%

NASDAQ CGTL traded down $0.22 during mid-day trading on Friday, reaching $4.26. 56,898 shares of the stock were exchanged, compared to its average volume of 982,446. Creative Global Technology has a 1-year low of $2.27 and a 1-year high of $96.00. The business’s fifty day simple moving average is $4.66 and its 200 day simple moving average is $14.02.

Analyst Upgrades and Downgrades

Several research analysts have commented on CGTL shares. Weiss Ratings cut shares of Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. Wall Street Zen raised Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average 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.