GD Culture Group Limited (NASDAQ:GDC) Sees Large Increase in Short Interest

by · The Cerbat Gem

GD Culture Group Limited (NASDAQ:GDC – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 8,337,457 shares, a growth of 6,867.6% from the April 30th total of 119,661 shares. Based on an average daily volume of 92,805,293 shares, the short-interest ratio is currently 0.1 days. Approximately 13.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GDC. Jefferies Financial Group Inc. purchased a new stake in shares of GD Culture Group during the 4th quarter valued at about $44,000. Geode Capital Management LLC bought a new position in shares of GD Culture Group during the 4th quarter valued at approximately $74,000. XTX Topco Ltd purchased a new stake in GD Culture Group in the 2nd quarter worth approximately $97,000. Finally, ExodusPoint Capital Management LP bought a new stake in GD Culture Group during the 4th quarter worth approximately $106,000. Institutional investors own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut GD Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Stock Analysis on GDC

GD Culture Group Stock Performance

Shares of GDC stock traded down $0.00 during mid-day trading on Wednesday, hitting $0.11. The company’s stock had a trading volume of 17,928,738 shares, compared to its average volume of 14,160,379. The business has a 50-day moving average price of $2.47 and a 200 day moving average price of $3.55. GD Culture Group has a 52-week low of $0.09 and a 52-week high of $9.92. The stock has a market cap of $6.50 million, a price-to-earnings ratio of -0.01 and a beta of 2.10.

GD Culture Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 18th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

About GD Culture Group

(Get Free Report)

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.

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