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

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 211,400 shares, a decline of 27.9% from the September 30th total of 293,200 shares. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.8% of the shares of the stock are sold short. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research analysts have commented on CGTL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Creative Global Technology in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Creative Global Technology from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Creative Global Technology currently has a consensus rating of “Sell”.

Creative Global Technology Stock Up 6.1%

NASDAQ CGTL opened at $0.54 on Wednesday. The firm’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $1.02. Creative Global Technology has a fifty-two week low of $0.41 and a fifty-two week high of $10.59.

Hedge Funds Weigh In On Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. Marex Group plc bought a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned approximately 0.58% of Creative Global Technology as of its most recent SEC filing.

Creative Global Technology Company Profile

Mission Consumer electronic devices have a limited life, but some rest idle with meaningful useful life left. We help make every minute of recycled consumer electronic devices’ lives count with our expertise in quickly connecting their demands and supplies, thereby facilitating the circular economy in the consumer electronic devices business and reducing waste.