Creative Global Technology Holdings Limited (NASDAQ:CGTL – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 532,961 shares, a drop of 64.1% from the May 31st total of 1,482,563 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 15,729,418 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of Creative Global Technology
An institutional investor recently bought a new position in Creative Global Technology stock. XTX Topco Ltd bought a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned about 0.26% of Creative Global Technology at the end of the most recent quarter.
Analyst Ratings Changes
Several equities analysts have recently weighed in on CGTL shares. Wall Street Zen downgraded Creative Global Technology from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. Weiss Ratings lowered shares of Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Creative Global Technology Price Performance
Creative Global Technology stock opened at $0.40 on Friday. Creative Global Technology has a 1-year low of $0.15 and a 1-year high of $6.40. The company’s 50-day moving average is $0.68 and its 200 day moving average is $1.55.
Creative Global Technology (NASDAQ:CGTL – Get Free Report) last announced its earnings results on Friday, January 30th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $4.45 million for the quarter.
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.
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