CISO Global, Inc. (NASDAQ:CISO) Sees Large Growth in Short Interest

CISO Global, Inc. (NASDAQ:CISO) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 686,393 shares, an increase of 934.6% from the September 30th total of 66,342 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average trading volume of 199,858 shares, the days-to-cover ratio is currently 3.4 days.

CISO Global Trading Down 1.1%

Shares of CISO traded down $0.00 during trading hours on Wednesday, reaching $0.18. 22,361 shares of the stock traded hands, compared to its average volume of 403,785. The company has a market cap of $8.11 million, a P/E ratio of -0.94 and a beta of 1.73. The company’s 50-day moving average price is $0.21 and its two-hundred day moving average price is $0.31. CISO Global has a 52-week low of $0.16 and a 52-week high of $1.16.

CISO Global (NASDAQ:CISO) last issued its quarterly earnings results on Friday, August 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 return on equity of 20.09% and a negative net margin of 11.67%. The business had revenue of $5.79 million during the quarter, compared to analyst estimates of $12.92 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CISO Global in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About CISO Global

CISO Global Inc (NASDAQ:CISO) is a cybersecurity and compliance company that helps organizations identify, manage and respond to cyber risks. The company provides services designed to strengthen security programs, protect information assets and support regulatory and industry compliance requirements.

Its offerings include managed cybersecurity services, security monitoring and incident response, penetration testing, vulnerability assessments, digital forensics, risk management and compliance consulting.