Global Interactive Technologies, Inc. (NASDAQ:GITS) Short Interest Update

Global Interactive Technologies, Inc. (NASDAQ:GITS) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 31,721 shares, a growth of 256.5% from the May 14th total of 8,897 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 304,681 shares, the days-to-cover ratio is presently 0.1 days.

Global Interactive Technologies Price Performance

NASDAQ GITS traded up $0.14 on Thursday, reaching $2.00. The stock had a trading volume of 77,526 shares, compared to its average volume of 161,296. The firm has a fifty day moving average of $1.86 and a two-hundred day moving average of $1.87. Global Interactive Technologies has a 1-year low of $0.66 and a 1-year high of $7.09. The company has a market cap of $7.34 million, a P/E ratio of -1.36 and a beta of -0.67.

Global Interactive Technologies (NASDAQ:GITS) last issued its quarterly earnings data on Friday, May 22nd. The company reported ($0.88) EPS for the quarter. The business had revenue of $0.00 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global Interactive Technologies stock. Bank of America Corp DE acquired a new stake in Global Interactive Technologies, Inc. (NASDAQ:GITS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 53,206 shares of the company’s stock, valued at approximately $119,000. Bank of America Corp DE owned approximately 1.45% of Global Interactive Technologies at the end of the most recent reporting period. 0.22% of the stock is owned by institutional investors and hedge funds.

Global Interactive Technologies Company Profile

Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.