Short Interest in Hitek Global Inc. (NASDAQ:HKIT) Increases By 45.8%

Hitek Global Inc. (NASDAQ:HKIT) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 7,000 shares, a growth of 45.8% from the March 15th total of 4,800 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 22,700 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Hitek Global

A hedge fund recently bought a new stake in Hitek Global stock. Citadel Advisors LLC acquired a new stake in Hitek Global Inc. (NASDAQ:HKIT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,884 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned approximately 0.15% of Hitek Global at the end of the most recent quarter. 1.19% of the stock is currently owned by institutional investors and hedge funds.

Hitek Global Trading Up 3.3 %

Shares of NASDAQ:HKIT opened at $1.24 on Friday. Hitek Global has a 52-week low of $1.00 and a 52-week high of $2.18. The business’s 50 day simple moving average is $1.26 and its two-hundred day simple moving average is $1.33.

Hitek Global Company Profile

Hitek Global Inc provides information technology (IT) consulting and solutions to small and medium businesses in various industry sectors in China. It offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as Internet servers, cameras, and monitors.