GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Down 73.1% in December
by Tristan Rich · The Markets DailyGCL Global Holdings Ltd. (NASDAQ:GCL – Get Free Report) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 41,926 shares, a drop of 73.1% from the November 30th total of 155,939 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 126,316 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 126,316 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a report on Wednesday, October 8th. Wall Street Zen lowered shares of GCL Global from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GCL Global currently has an average rating of “Sell”.
Check Out Our Latest Report on GCL
GCL Global Stock Down 7.3%
Shares of NASDAQ:GCL traded down $0.08 on Friday, hitting $1.02. 45,525 shares of the company traded hands, compared to its average volume of 513,535. The stock has a 50 day simple moving average of $1.46 and a 200-day simple moving average of $2.54. The company has a quick ratio of 1.07, a current ratio of 1.19 and a debt-to-equity ratio of 0.04. The company has a market cap of $124.39 million, a PE ratio of -51.00 and a beta of 0.30. GCL Global has a 52 week low of $1.01 and a 52 week high of $9.89.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP bought a new stake in shares of GCL Global during the third quarter valued at approximately $42,000. Geode Capital Management LLC bought a new position in GCL Global during the second quarter valued at approximately $54,000. Finally, Citadel Advisors LLC boosted its stake in shares of GCL Global by 54.4% in the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after buying an additional 19,699 shares during the last quarter. Institutional investors own 36.55% of the company’s stock.
About GCL Global
GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.
In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.