GD Culture Group Limited (NASDAQ:GDC) Short Interest Update

GD Culture Group Limited (NASDAQ:GDC) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 8,337,457 shares, a growth of 6,867.6% from the April 30th total of 119,661 shares. Based on an average daily trading volume, of 92,805,293 shares, the days-to-cover ratio is presently 0.1 days. Approximately 13.9% of the shares of the company are sold short.

GD Culture Group Price Performance

NASDAQ GDC opened at $0.12 on Friday. The firm has a market capitalization of $7.18 million, a price-to-earnings ratio of -0.02 and a beta of 2.10. The company’s fifty day moving average is $2.31 and its two-hundred day moving average is $3.50. GD Culture Group has a 52-week low of $0.09 and a 52-week high of $9.92.

GD Culture Group announced that its board has initiated a stock repurchase program on Wednesday, February 18th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of GD Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GD Culture Group presently has an average rating of “Sell”.

Institutional Trading of GD Culture Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new stake in shares of GD Culture Group during the 4th quarter valued at about $44,000. Geode Capital Management LLC acquired a new stake in shares of GD Culture Group during the 4th quarter valued at about $74,000. XTX Topco Ltd acquired a new stake in shares of GD Culture Group during the 2nd quarter valued at about $97,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of GD Culture Group during the 4th quarter valued at about $106,000. 0.55% of the stock is currently owned by institutional investors and hedge funds.

GD Culture Group Company Profile

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.