Global Interactive Technologies, Inc. (NASDAQ:GITS – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 163,934 shares, a growth of 567.7% from the June 15th total of 24,553 shares. Based on an average daily trading volume, of 3,716,702 shares, the short-interest ratio is presently 0.0 days. Currently, 4.9% of the shares of the company are sold short.
Institutional Trading of Global Interactive Technologies
An institutional investor recently bought a new position in Global Interactive Technologies stock. Citadel Advisors LLC purchased a new position in shares of Global Interactive Technologies, Inc. (NASDAQ:GITS – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.49% of Global Interactive Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 0.22% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Global Interactive Technologies in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
Global Interactive Technologies Trading Down 5.3%
Shares of Global Interactive Technologies stock traded down $0.11 during trading hours on Monday, hitting $1.97. 6,983 shares of the company were exchanged, compared to its average volume of 1,547,069. Global Interactive Technologies has a 1 year low of $0.66 and a 1 year high of $7.09. The business has a 50-day moving average of $1.82 and a 200-day moving average of $1.99. The stock has a market capitalization of $7.24 million, a price-to-earnings ratio of -1.40 and a beta of -0.66.
Global Interactive Technologies (NASDAQ:GITS – Get Free Report) last posted its quarterly earnings data on Monday, June 22nd. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $0.00 million for the quarter.
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.
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