GD Culture Group Limited (NASDAQ:GDC) Sees Significant Growth in Short Interest

GD Culture Group Limited (NASDAQ:GDC) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 620,092 shares, an increase of 71.5% from the August 15th total of 361,566 shares. Currently, 15.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3,092,730 shares, the short-interest ratio is presently 0.2 days.

GD Culture Group Price Performance

NASDAQ:GDC traded up $0.01 during midday trading on Wednesday, reaching $1.32. The stock had a trading volume of 169,101 shares, compared to its average volume of 540,094. The firm’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $300.50. The stock has a market capitalization of $5.49 million, a P/E ratio of -0.00 and a beta of 1.97. GD Culture Group has a 1-year low of $1.27 and a 1-year high of $2,050.00.

GD Culture Group (NASDAQ:GDC) last issued its quarterly earnings results on Friday, August 14th. The company reported ($53.40) earnings per share for the quarter.

Institutional Investors Weigh In On GD Culture Group

An institutional investor recently bought a new position in GD Culture Group stock. Jefferies Financial Group Inc. bought a new position in shares of GD Culture Group Limited (NASDAQ:GDC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,417 shares of the company’s stock, valued at approximately $44,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on GDC. Weiss Ratings raised GD Culture Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 4th. Wall Street Zen downgraded shares of GD Culture Group to a “strong sell” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

GD Culture Group Company Profile

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.