Short Interest in Creative Global Technology Holdings Limited (NASDAQ:CGTL) Rises By 1,591.0%

Creative Global Technology Holdings Limited (NASDAQ:CGTL) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 488,700 shares, an increase of 1,591.0% from the August 31st total of 28,900 shares. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Creative Global Technology from a “sell” rating to a “hold” rating in a research note on Sunday, June 29th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Global Technology stock. Marex Group plc purchased a new stake in Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned 0.58% of Creative Global Technology at the end of the most recent reporting period.

Creative Global Technology Stock Performance

NASDAQ:CGTL opened at $0.54 on Wednesday. The firm’s 50-day moving average is $0.73 and its 200-day moving average is $1.76. Creative Global Technology has a 52-week low of $0.48 and a 52-week high of $10.59.

About Creative Global Technology

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.