Creative Global Technology Holdings Limited (NASDAQ:CGTL) Sees Large Growth in Short Interest

Creative Global Technology Holdings Limited (NASDAQ:CGTLGet Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,482,563 shares, a growth of 787.7% from the May 14th total of 167,019 shares. Based on an average daily trading volume, of 14,268,857 shares, the short-interest ratio is presently 0.1 days. Currently, 8.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Creative Global Technology from a “hold” rating to a “sell” rating in a research note on Sunday, April 5th. Weiss Ratings upgraded shares of Creative Global Technology from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on CGTL

Creative Global Technology Stock Performance

CGTL opened at $0.42 on Wednesday. The company has a fifty day moving average price of $0.88 and a 200-day moving average price of $1.59. Creative Global Technology has a one year low of $0.15 and a one year high of $6.40.

Creative Global Technology (NASDAQ:CGTLGet Free Report) last released its quarterly earnings results on Friday, January 30th. The company reported $0.07 EPS for the quarter. The firm had revenue of $4.45 million for the quarter.

Institutional Trading of Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC acquired a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTLFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.65% of Creative Global Technology as of its most recent filing with the Securities and Exchange Commission.

Creative Global Technology Company Profile

(Get Free Report)

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.

Further Reading

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