GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Down 73.1% in December

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 41,926 shares, a decrease of 73.1% from the November 30th total of 155,939 shares. Based on an average daily trading volume, of 126,316 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 126,316 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GCL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of GCL Global from a “hold” rating to a “strong sell” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

GCL Global Price Performance

GCL stock traded down $0.09 during mid-day trading on Friday, reaching $1.01. 81,123 shares of the company’s stock were exchanged, compared to its average volume of 87,868. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.19 and a quick ratio of 1.07. GCL Global has a 12-month low of $1.01 and a 12-month high of $9.89. The stock’s 50 day moving average is $1.45 and its 200 day moving average is $2.53. The company has a market cap of $123.17 million, a price-to-earnings ratio of -50.50 and a beta of 0.30.

Institutional Investors Weigh In On GCL Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its position in GCL Global by 54.4% during the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after acquiring an additional 19,699 shares during the period. Two Sigma Investments LP purchased a new stake in shares of GCL Global during the third quarter worth about $42,000. Finally, Geode Capital Management LLC acquired a new position in shares of GCL Global during the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 36.55% of the company’s stock.

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.