GCL Global Holdings Ltd. (NASDAQ:GCL) Short Interest Update

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 51,296 shares, a growth of 22.3% from the December 15th total of 41,926 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 41,749 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 41,749 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

GCL has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of GCL Global from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GCL Global has an average rating of “Sell”.

GCL Global Price Performance

Shares of GCL stock opened at $1.03 on Wednesday. The stock’s 50-day moving average is $1.21 and its 200 day moving average is $2.32. GCL Global has a 1-year low of $1.01 and a 1-year high of $9.89. The company has a market cap of $125.61 million, a P/E ratio of -51.50 and a beta of 0.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in GCL Global during the second quarter valued at approximately $54,000. Two Sigma Investments LP acquired a new position in shares of GCL Global during the third quarter worth $42,000. Finally, Citadel Advisors LLC increased its position in shares of GCL Global by 54.4% during the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after purchasing an additional 19,699 shares in the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.

About GCL Global

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.