Short Interest in CISO Global, Inc. (NASDAQ:CISO) Increases By 958.7%

CISO Global, Inc. (NASDAQ:CISO) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 446,729 shares, an increase of 958.7% from the July 30th total of 42,197 shares. Based on an average daily volume of 67,624 shares, the days-to-cover ratio is presently 6.6 days. Currently, 1.3% of the company’s stock are short sold.

Analyst Ratings Changes

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

CISO Global Trading Up 5.3%

Shares of CISO Global stock traded up $0.01 on Tuesday, reaching $0.22. 124,422 shares of the company were exchanged, compared to its average volume of 467,430. CISO Global has a one year low of $0.20 and a one year high of $1.48. The company has a market capitalization of $10.22 million, a price-to-earnings ratio of -1.18 and a beta of 1.74. The company has a 50-day moving average of $0.26 and a 200 day moving average of $0.31.

CISO Global (NASDAQ:CISO) last issued its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.05) by $1.01. The company had revenue of $5.79 million for the quarter, compared to analysts’ expectations of $12.92 million. CISO Global had a negative net margin of 11.67% and a negative return on equity of 20.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in CISO Global by 26.7% during the fourth quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock worth $172,000 after purchasing an additional 75,367 shares during the period. Jane Street Group LLC bought a new position in CISO Global in the 2nd quarter valued at about $94,000. Virtu Financial LLC acquired a new position in shares of CISO Global in the 3rd quarter valued at approximately $58,000. Finally, XTX Topco Ltd acquired a new position in shares of CISO Global in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 40.08% of the company’s stock.

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.