CISO Global, Inc. (NASDAQ:CISO) Short Interest Down 95.8% in July

CISO Global, Inc. (NASDAQ:CISO) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 42,197 shares, a drop of 95.8% from the July 15th total of 1,006,764 shares. Based on an average trading volume of 119,021 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of CISO Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of CISO Global in the 2nd quarter valued at about $37,000. Virtu Financial LLC acquired a new position in CISO Global during the third quarter worth approximately $58,000. Jane Street Group LLC purchased a new stake in CISO Global in the second quarter valued at approximately $94,000. Finally, Geode Capital Management LLC lifted its stake in CISO Global by 26.7% in the fourth quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock valued at $172,000 after buying an additional 75,367 shares during the last quarter. Institutional investors and hedge funds own 40.08% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

CISO Global Stock Performance

CISO stock traded up $0.00 during midday trading on Tuesday, reaching $0.26. 51,918 shares of the company were exchanged, compared to its average volume of 119,694. The company has a market cap of $11.78 million, a price-to-earnings ratio of -1.08 and a beta of 1.74. CISO Global has a 1-year low of $0.21 and a 1-year high of $1.48. The stock’s 50-day simple moving average is $0.28 and its 200 day simple moving average is $0.33.

CISO Global (NASDAQ:CISO) last posted its earnings results on Thursday, May 14th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($1.05) by $1.01. CISO Global had a negative net margin of 16.69% and a negative return on equity of 32.61%. The firm had revenue of $6.22 million for the quarter, compared to the consensus estimate of $12.92 million.

About CISO Global

CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.

In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.