GCL Global Holdings Ltd. (NASDAQ:GCL) Sees Significant Increase in Short Interest

GCL Global Holdings Ltd. (NASDAQ:GCL) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 408,117 shares, an increase of 532.3% from the May 14th total of 64,544 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 18,298,183 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GCL Global in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of GCL Global

Several large investors have recently added to or reduced their stakes in GCL. Two Sigma Investments LP acquired a new stake in GCL Global in the 3rd quarter valued at $42,000. XTX Topco Ltd increased its holdings in GCL Global by 361.2% in the 4th quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock valued at $52,000 after purchasing an additional 38,127 shares in the last quarter. Geode Capital Management LLC acquired a new stake in GCL Global in the 2nd quarter valued at $54,000. Finally, Citadel Advisors LLC increased its holdings in GCL Global by 54.4% in 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 in the last quarter. 36.55% of the stock is currently owned by institutional investors and hedge funds.

GCL Global Trading Up 0.2%

Shares of GCL Global stock traded up $0.00 during trading hours on Friday, reaching $0.45. The stock had a trading volume of 48,991 shares, compared to its average volume of 2,045,377. The firm has a 50 day simple moving average of $0.53 and a two-hundred day simple moving average of $0.78. The firm has a market capitalization of $55.00 million, a price-to-earnings ratio of -22.55 and a beta of 0.33. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.98. GCL Global has a 1 year low of $0.41 and a 1 year high of $4.49.

GCL Global Company Profile

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.