GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Update

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 83,807 shares, a decline of 55.1% from the July 15th total of 186,814 shares. Based on an average daily trading volume, of 144,264 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

GCL Global Stock Up 3.8%

Shares of GCL stock traded up $0.02 during trading hours on Monday, reaching $0.54. 348,026 shares of the company’s stock were exchanged, compared to its average volume of 1,592,259. GCL Global has a 1 year low of $0.38 and a 1 year high of $3.79. The company has a current ratio of 1.52, a quick ratio of 1.13 and a debt-to-equity ratio of 0.80. The stock has a market cap of $69.65 million, a PE ratio of -27.21 and a beta of 0.36. The stock’s fifty day moving average price is $0.45 and its two-hundred day moving average price is $0.56.

GCL Global (NASDAQ:GCL) last announced its quarterly earnings data on Friday, July 31st. The company reported ($0.08) EPS for the quarter. The company had revenue of $70.10 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GCL. Two Sigma Investments LP purchased a new stake in shares of GCL Global during the third quarter valued at $42,000. XTX Topco Ltd lifted its position in GCL Global by 361.2% during the 4th quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock worth $52,000 after acquiring an additional 38,127 shares during the period. Geode Capital Management LLC acquired a new stake in GCL Global during the 2nd quarter worth about $54,000. Finally, Citadel Advisors LLC grew its stake in GCL Global by 54.4% during the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after purchasing an additional 19,699 shares during the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of GCL Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.