GCL Global Holdings Ltd. (NASDAQ:GCL) Sees Large Growth in Short Interest

GCL Global Holdings Ltd. (NASDAQ:GCL) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 51,296 shares, a growth of 22.3% from the December 15th total of 41,926 shares. Based on an average daily volume of 41,749 shares, the short-interest ratio is currently 1.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 41,749 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of GCL Global from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

GCL Global Stock Performance

GCL remained flat at $1.04 during trading on Monday. 49,018 shares of the company traded hands, compared to its average volume of 38,752. The company has a market cap of $126.83 million, a P/E ratio of -52.00 and a beta of 0.33. The stock has a 50-day moving average price of $1.24 and a 200-day moving average price of $2.35. GCL Global has a 52 week low of $1.01 and a 52 week high of $9.89.

Hedge Funds Weigh In On GCL Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GCL. Citadel Advisors LLC raised its holdings in shares of GCL Global by 54.4% during the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after acquiring an additional 19,699 shares in the last quarter. Two Sigma Investments LP bought a new stake in GCL Global in the third quarter worth $42,000. Finally, Geode Capital Management LLC purchased a new stake in GCL Global during the second quarter valued at $54,000. 36.55% of the stock is owned by institutional investors.

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.