Short Interest in Creative Global Technology Holdings Limited (NASDAQ:CGTL) Declines By 95.4%
by Mitch Edgeman · The Markets DailyCreative Global Technology Holdings Limited (NASDAQ:CGTL – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 23,324 shares, a decrease of 95.4% from the June 30th total of 502,452 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 152,054 shares, the short-interest ratio is currently 0.2 days.
Creative Global Technology Stock Performance
NASDAQ CGTL traded up $0.03 on Friday, reaching $4.81. The company’s stock had a trading volume of 11,578 shares, compared to its average volume of 95,161. Creative Global Technology has a 52 week low of $2.27 and a 52 week high of $96.00. The business has a 50-day moving average price of $5.57 and a 200 day moving average price of $21.75.
Institutional Investors Weigh In On Creative Global Technology
An institutional investor recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC bought a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned 0.65% of Creative Global Technology at the end of the most recent reporting period.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CGTL. Wall Street Zen raised Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. Weiss Ratings cut Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Read Our Latest Report on Creative Global Technology
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.