Graphjet Technology (NASDAQ:GTI) Short Interest Update

Graphjet Technology (NASDAQ:GTI) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 276,600 shares, a growth of 44.9% from the September 30th total of 190,900 shares. Based on an average trading volume of 299,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 27.1% of the company’s stock are sold short. Currently, 27.1% of the company’s stock are sold short. Based on an average trading volume of 299,500 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Graphjet Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Graphjet Technology Trading Down 3.6%

GTI opened at $3.96 on Wednesday. Graphjet Technology has a one year low of $3.09 and a one year high of $227.40. The stock has a market capitalization of $12.71 million, a PE ratio of -1.85 and a beta of 0.50.

Graphjet Technology (NASDAQ:GTI) last issued its quarterly earnings data on Friday, September 5th. The company reported ($0.94) earnings per share (EPS) for the quarter. The business had revenue of $0.05 million during the quarter.

Graphjet Technology Company Profile

Graphjet Technology is a developer of patented technologies to produce graphite and graphene directly from agricultural waste. Graphjet Technology, formerly known as Energem Corp., is based in KUALA LUMPUR, Malaysia.