Global Interactive Technologies, Inc. (NASDAQ:GITS) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Global Interactive Technologies, Inc. (NASDAQ:GITS – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 106,146 shares, an increase of 363.2% from the December 15th total of 22,916 shares. Based on an average trading volume of 81,380 shares, the short-interest ratio is presently 1.3 days. Currently, 3.2% of the shares of the company are short sold. Currently, 3.2% of the shares of the company are short sold. Based on an average trading volume of 81,380 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Global Interactive Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Report on Global Interactive Technologies

Institutional Trading of Global Interactive Technologies

A hedge fund recently bought a new stake in Global Interactive Technologies stock. Citadel Advisors LLC bought a new position in Global Interactive Technologies, Inc. (NASDAQ:GITS – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned about 0.49% of Global Interactive Technologies as of its most recent SEC filing. 0.22% of the stock is currently owned by institutional investors.

Global Interactive Technologies Stock Performance

GITS traded down $0.08 on Wednesday, hitting $0.72. The company had a trading volume of 28,584 shares, compared to its average volume of 26,608. The stock has a fifty day moving average price of $1.12 and a 200-day moving average price of $1.90. Global Interactive Technologies has a 12-month low of $0.66 and a 12-month high of $5.06. The stock has a market capitalization of $2.64 million, a price-to-earnings ratio of -1.22 and a beta of -0.57.

Global Interactive Technologies (NASDAQ:GITS – Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $1.84 million for the quarter.

About Global Interactive Technologies

(Get Free Report)

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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