Hitek Global Inc. (NASDAQ:HKIT – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,300 shares, a drop of 27.8% from the August 15th total of 1,800 shares. Based on an average daily trading volume, of 19,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 19,700 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Hitek Global
An institutional investor recently bought a new position in Hitek Global stock. Citadel Advisors LLC acquired a new stake in Hitek Global Inc. (NASDAQ:HKIT – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and 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 Stock Performance
Shares of HKIT stock opened at $1.73 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 13.08 and a quick ratio of 13.02. Hitek Global has a 52 week low of $1.15 and a 52 week high of $2.08. The firm has a 50 day moving average of $1.51 and a two-hundred day moving average of $1.37.
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.
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