GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Down 34.3% in January

GCL Global Holdings Ltd. (NASDAQ:GCL) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 33,687 shares, a drop of 34.3% from the December 31st total of 51,296 shares. Based on an average trading volume of 41,467 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 41,467 shares, the days-to-cover ratio is currently 0.8 days.

GCL Global Stock Up 11.2%

GCL stock traded up $0.12 during mid-day trading on Friday, hitting $1.19. 49,635,974 shares of the company were exchanged, compared to its average volume of 2,557,218. GCL Global has a 12-month low of $1.01 and a 12-month high of $9.89. The firm has a market capitalization of $145.12 million, a P/E ratio of -59.50 and a beta of 0.33. The business has a fifty day simple moving average of $1.14 and a 200-day simple moving average of $2.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of GCL Global in the 2nd quarter valued at $54,000. Two Sigma Investments LP acquired a new position in GCL Global in the 3rd quarter valued at about $42,000. Finally, Citadel Advisors LLC grew its position in GCL Global by 54.4% in the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after acquiring an additional 19,699 shares in the last quarter. 36.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on GCL shares. Weiss Ratings reissued a “sell (d)” rating on shares of GCL Global in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of GCL Global from a “hold” rating to a “strong sell” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About GCL Global

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.