GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Update

GCL Global Holdings Ltd. (NASDAQ:GCL) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 42,976 shares, a growth of 27.6% from the January 15th total of 33,687 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 4,660,309 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 4,660,309 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

GCL Global Price Performance

GCL traded down $0.01 during midday trading on Monday, hitting $0.68. The stock had a trading volume of 69,449 shares, compared to its average volume of 2,717,959. The company has a market cap of $83.29 million, a P/E ratio of -34.15 and a beta of 0.33. GCL Global has a 1 year low of $0.66 and a 1 year high of $9.89. The business has a fifty day moving average of $1.04 and a 200 day moving average of $1.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.84 and a current ratio of 1.31.

Analyst Ratings Changes

GCL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of GCL Global in a report on Thursday, January 22nd. Wall Street Zen lowered shares of GCL Global from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, GCL Global has an average rating of “Sell”.

Institutional Trading of GCL Global

Several institutional investors have recently added to or reduced their stakes in GCL. Geode Capital Management LLC purchased a new position in shares of GCL Global in the second quarter worth about $54,000. Two Sigma Investments LP purchased a new position in GCL Global in the 3rd quarter worth approximately $42,000. Finally, Citadel Advisors LLC lifted its position in GCL Global by 54.4% in the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after purchasing an additional 19,699 shares during the last quarter. 36.55% of the stock is currently owned by hedge funds and other institutional investors.

GCL Global Company Profile

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.