GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Update

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 93,043 shares, an increase of 116.5% from the January 29th total of 42,976 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 359,294 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 359,294 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC bought a new position in shares of GCL Global during the second quarter valued at about $54,000. Two Sigma Investments LP purchased a new position in GCL Global during the 3rd quarter valued at about $42,000. XTX Topco Ltd raised its position in GCL Global by 361.2% during the 4th quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock valued at $52,000 after purchasing an additional 38,127 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in GCL Global by 54.4% in the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after buying an additional 19,699 shares during the period. 36.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GCL. Wall Street Zen lowered GCL Global from a “hold” rating to a “strong sell” rating in a report on Saturday, December 6th. Weiss Ratings restated a “sell (d)” rating on shares of GCL Global in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, GCL Global has a consensus rating of “Sell”.

GCL Global Price Performance

GCL traded down $0.02 during trading on Friday, reaching $0.61. The stock had a trading volume of 35,706 shares, compared to its average volume of 2,699,132. The business has a 50-day moving average of $0.94 and a 200-day moving average of $1.76. GCL Global has a one year low of $0.60 and a one year high of $4.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.84 and a current ratio of 1.31. The stock has a market cap of $74.52 million, a PE ratio of -30.56 and a beta of 0.33.

About GCL Global

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.