Hitek Global Inc. (NASDAQ:HKIT) Short Interest Update

by · The Cerbat Gem

Hitek Global Inc. (NASDAQ:HKIT – Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 7,100 shares, a decline of 33.6% from the February 13th total of 10,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 33,300 shares, the short-interest ratio is currently 0.2 days.

Hitek Global Trading Down 1.6 %

NASDAQ:HKIT traded down $0.02 during midday trading on Friday, reaching $1.23. 12,402 shares of the stock traded hands, compared to its average volume of 25,235. Hitek Global has a 12 month low of $1.00 and a 12 month high of $2.18. The company has a fifty day moving average of $1.30 and a 200 day moving average of $1.37.

Institutional Trading of Hitek Global

An institutional investor recently bought a new position in Hitek Global stock. Citadel Advisors LLC acquired a new position in Hitek Global Inc. (NASDAQ:HKIT – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 21,884 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned about 0.15% of Hitek Global as of its most recent filing with the SEC. Institutional investors own 1.19% of the company’s stock.

Hitek Global Company Profile

(Get Free Report)

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.

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