GD Culture Group Limited (NASDAQ:GDC) Short Interest Up 18,736.8% in August

GD Culture Group Limited (NASDAQ:GDC) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 357,900 shares, an increase of 18,736.8% from the August 15th total of 1,900 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 15.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On GD Culture Group

A hedge fund recently bought a new stake in GD Culture Group stock. Schonfeld Strategic Advisors LLC bought a new stake in GD Culture Group Limited (NASDAQ:GDC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,200 shares of the company’s stock, valued at approximately $61,000. Schonfeld Strategic Advisors LLC owned about 1.27% of GD Culture Group at the end of the most recent quarter. 1.29% of the stock is currently owned by institutional investors and hedge funds.

GD Culture Group Trading Down 9.2 %

GDC opened at $3.57 on Thursday. GD Culture Group has a one year low of $1.80 and a one year high of $44.00. The business’s fifty day moving average is $3.25 and its two-hundred day moving average is $3.79.

About GD Culture Group

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.