Global Interactive Technologies, Inc. (NASDAQ:GITS) Short Interest Update
by Amy Steele · The Cerbat GemGlobal Interactive Technologies, Inc. (NASDAQ:GITS – Get Free Report) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 408,746 shares, a growth of 269.9% from the January 15th total of 110,515 shares. Based on an average daily volume of 15,226,834 shares, the short-interest ratio is presently 0.0 days. Approximately 12.3% of the shares of the stock are sold short. Approximately 12.3% of the shares of the stock are sold short. Based on an average daily volume of 15,226,834 shares, the short-interest ratio is presently 0.0 days.
Global Interactive Technologies Price Performance
GITS traded down $0.10 during trading on Wednesday, hitting $2.67. The company’s stock had a trading volume of 67,291 shares, compared to its average volume of 5,534,009. Global Interactive Technologies has a twelve month low of $0.66 and a twelve month high of $7.09. The stock has a market cap of $9.80 million, a PE ratio of -4.53 and a beta of -0.86. The firm’s 50 day moving average price is $1.56 and its 200-day moving average price is $1.87.
Global Interactive Technologies (NASDAQ:GITS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.17) EPS for the quarter. The firm had revenue of $1.84 million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Global Interactive Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Get Our Latest Stock Report on Global Interactive Technologies
Institutional Trading of Global Interactive Technologies
An institutional investor recently bought a new position in Global Interactive Technologies stock. Citadel Advisors LLC acquired a new position in shares of Global Interactive Technologies, Inc. (NASDAQ:GITS – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.49% of Global Interactive Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 0.22% of the company’s stock.
About Global Interactive Technologies
Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.