Short Interest in Creative Global Technology Holdings Limited (NASDAQ:CGTL) Increases By 462.3%

Creative Global Technology Holdings Limited (NASDAQ:CGTL) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 26,213 shares, an increase of 462.3% from the August 15th total of 4,662 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 79,360 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. XTX Topco Ltd bought a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned approximately 0.26% of Creative Global Technology as of its most recent SEC filing.

Creative Global Technology Trading Down 4.2%

Shares of Creative Global Technology stock traded down $0.17 on Friday, reaching $3.86. The stock had a trading volume of 9,643 shares, compared to its average volume of 947,447. The business’s 50 day moving average is $4.36 and its two-hundred day moving average is $10.94. Creative Global Technology has a 1 year low of $2.27 and a 1 year high of $96.00.

Creative Global Technology (NASDAQ:CGTL) last issued its quarterly earnings data on Thursday, September 3rd. The company reported ($1.10) EPS for the quarter. The company had revenue of $9.21 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CGTL shares. Wall Street Zen raised Creative Global Technology to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings lowered shares of Creative Global Technology from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Creative Global Technology Company Profile

Creative Global Technology Holdings Inc (NASDAQ: CGTL) is a China-based provider of advanced electronics manufacturing services specializing in the design and production of semiconductor packaging substrates, printed circuit boards (PCBs) and related back-end assembly solutions. The company’s core capabilities encompass high-density interconnect substrates, leadframe and leadless chip carriers, and system-in-package modules, enabling customers to address the miniaturization and performance demands of modern electronic devices.

CGTL serves a broad spectrum of end markets, including smartphones, tablets, computing devices, automotive electronics, and industrial applications.