Global Interactive Technologies, Inc. (NASDAQ:GITS – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,882 shares, an increase of 76.8% from the September 30th total of 5,024 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 25,400 shares, the days-to-cover ratio is presently 0.3 days.
Global Interactive Technologies Trading Up 12.7%
GITS traded up $0.18 on Friday, reaching $1.60. The company had a trading volume of 107,474 shares, compared to its average volume of 23,262. The company has a market capitalization of $6.72 million, a P/E ratio of -1.11 and a beta of -0.59. The company has a fifty day moving average of $1.80 and a 200-day moving average of $2.06. Global Interactive Technologies has a one year low of $0.66 and a one year high of $7.09.
Global Interactive Technologies (NASDAQ:GITS – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported ($0.25) EPS for the quarter. The business had revenue of $0.00 million for the quarter.
Institutional Investors Weigh In On Global Interactive Technologies
An institutional investor recently bought a new stake in Global Interactive Technologies stock. Bank of America Corp DE bought a new position in Global Interactive Technologies, Inc. (NASDAQ:GITS – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,206 shares of the company’s stock, valued at approximately $119,000. Bank of America Corp DE owned 1.45% of Global Interactive Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 0.22% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Global Interactive Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Report on Global Interactive Technologies
Global Interactive Technologies Company Profile
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.
Further Reading
- Five stocks we like better than Global Interactive Technologies
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for Global Interactive Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Interactive Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
