CISO Global, Inc. (NASDAQ:CISO) Shares Shorted: Short Interest Up 934.6% in October

CISO Global, Inc. (NASDAQ:CISO) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 686,393 shares, an increase of 934.6% from the September 30th total of 66,342 shares. Based on an average daily volume of 199,858 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.0% of the company’s shares are short sold.

CISO Global Price Performance

Shares of CISO Global stock traded up $0.00 on Tuesday, hitting $0.18. 95,913 shares of the company’s stock traded hands, compared to its average volume of 405,475. The company has a fifty day moving average of $0.22 and a two-hundred day moving average of $0.31. CISO Global has a one year low of $0.16 and a one year high of $1.23. The company has a market capitalization of $8.30 million, a price-to-earnings ratio of -0.96 and a beta of 1.73.

CISO Global (NASDAQ:CISO) last issued its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.05) by $1.01. CISO Global had a negative return on equity of 20.09% and a negative net margin of 11.67%. The business had revenue of $5.79 million during the quarter, compared to the consensus estimate of $12.92 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CISO Global in a research report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About CISO Global

CISO Global Inc (NASDAQ:CISO) is a cybersecurity and compliance company that helps organizations identify, manage and respond to cyber risks. The company provides services designed to strengthen security programs, protect information assets and support regulatory and industry compliance requirements.

Its offerings include managed cybersecurity services, security monitoring and incident response, penetration testing, vulnerability assessments, digital forensics, risk management and compliance consulting.