Hitek Global Inc. (NASDAQ:HKIT) Short Interest Update
by Jessica Moore · The Cerbat GemHitek Global Inc. (NASDAQ:HKIT – Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 107,847 shares, a decrease of 99.1% from the March 31st total of 11,837,135 shares. Based on an average trading volume of 967,584 shares, the short-interest ratio is currently 0.1 days. Currently, 18.3% of the company’s stock are sold short.
Analyst Ratings Changes
A number of brokerages have recently commented on HKIT. Wall Street Zen raised Hitek Global to a “sell” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Hitek Global in a research report on Tuesday, January 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Stock Report on Hitek Global
Hitek Global Stock Performance
HKIT traded down $0.01 during trading on Friday, hitting $0.99. 2,870,207 shares of the company’s stock traded hands, compared to its average volume of 2,206,971. The company’s 50 day simple moving average is $36.96 and its two-hundred day simple moving average is $77.32. Hitek Global has a 12-month low of $0.89 and a 12-month high of $209.00.
Hitek Global (NASDAQ:HKIT – Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $0.76 EPS for the quarter. The business had revenue of $2.90 million for the quarter.
Institutional Trading of Hitek Global
A hedge fund recently bought a new stake in Hitek Global stock. XTX Topco Ltd bought a new stake in Hitek Global Inc. (NASDAQ:HKIT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,063 shares of the company’s stock, valued at approximately $25,000. Institutional investors own 1.19% of the company’s stock.
About Hitek Global
Hitek Global Inc provides information technology (IT) consulting and solutions to small and medium businesses in various industry sectors in China. It offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as Internet servers, cameras, and monitors. The company was founded in 1996 and is headquartered in Xiamen, China.