Short Interest in Creatd, Inc. (NASDAQ:CRTD) Grows By 370.2%

Creatd, Inc. (NASDAQ:CRTDGet Rating) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,430,000 shares, an increase of 370.2% from the May 15th total of 516,800 shares. Based on an average daily trading volume, of 2,670,000 shares, the short-interest ratio is currently 0.9 days.

Shares of CRTD opened at $0.93 on Friday. Creatd has a 52 week low of $0.62 and a 52 week high of $9.80. The firm has a market cap of $18.73 million, a P/E ratio of -0.35 and a beta of 1.04. The firm’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $1.50.

Creatd (NASDAQ:CRTDGet Rating) last announced its quarterly earnings results on Wednesday, April 6th. The company reported ($0.78) EPS for the quarter. Creatd had a negative net margin of 759.18% and a negative return on equity of 1,757.70%. The company had revenue of $1.37 million during the quarter.

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Creatd during the 4th quarter worth approximately $26,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Creatd during the 4th quarter worth approximately $27,000. Renaissance Technologies LLC acquired a new stake in shares of Creatd during the 4th quarter worth approximately $46,000. Geode Capital Management LLC boosted its position in shares of Creatd by 56.4% during the 3rd quarter. Geode Capital Management LLC now owns 108,111 shares of the company’s stock worth $292,000 after acquiring an additional 38,983 shares in the last quarter. Finally, Anson Funds Management LP acquired a new stake in shares of Creatd during the 1st quarter worth approximately $379,000. Hedge funds and other institutional investors own 5.92% of the company’s stock.

Creatd Company Profile (Get Rating)

Creatd, Inc, a technology company, provides economic opportunities for creators. The company operated in three segments: Creatd Labs, Creatd Partners, and Creatd Ventures. Its flagship product is Vocal, a content distribution platform that delivers a digital publishing platform organized into niche-communities capable of hosting various rich media content.

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