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

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 72,367 shares, an increase of 29.9% from the February 26th total of 55,704 shares. Based on an average daily trading volume, of 232,611 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

GCL Global Price Performance

Shares of GCL Global stock traded up $0.03 during trading on Tuesday, reaching $0.59. The company’s stock had a trading volume of 28,871 shares, compared to its average volume of 957,263. The business has a 50 day moving average price of $0.74 and a 200-day moving average price of $1.35. GCL Global has a 12-month low of $0.47 and a 12-month high of $4.49. The company has a market capitalization of $71.95 million, a P/E ratio of -29.50 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.98.

Analyst Upgrades and Downgrades

GCL has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of GCL Global from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, GCL Global has an average rating of “Sell”.

Institutional Investors Weigh In On GCL Global

Institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP purchased a new position in shares of GCL Global in the 3rd quarter valued at about $42,000. Geode Capital Management LLC purchased a new stake in GCL Global during the second quarter worth about $54,000. Citadel Advisors LLC boosted its holdings 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 buying an additional 19,699 shares in the last quarter. Finally, XTX Topco Ltd grew its position in GCL Global by 361.2% during the fourth quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock worth $52,000 after buying an additional 38,127 shares during the period. 36.55% of the stock is currently owned by hedge funds and other institutional investors.

GCL Global Company Profile

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.