Hitek Global Inc. (NASDAQ:HKIT) Short Interest Update

Hitek Global Inc. (NASDAQ:HKIT) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 289,158 shares, a decrease of 21.1% from the January 29th total of 366,390 shares. Based on an average daily trading volume, of 11,357 shares, the days-to-cover ratio is currently 25.5 days. Based on an average daily trading volume, of 11,357 shares, the days-to-cover ratio is currently 25.5 days.

Hitek Global Stock Down 0.8%

Hitek Global stock opened at $1.97 on Monday. Hitek Global has a 52-week low of $1.16 and a 52-week high of $4.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 14.27 and a quick ratio of 14.21. The firm has a 50-day moving average price of $2.04 and a two-hundred day moving average price of $1.89.

Institutional Investors Weigh In On Hitek Global

An institutional investor recently bought a new position in Hitek Global stock. XTX Topco Ltd purchased a new position in Hitek Global Inc. (NASDAQ:HKIT) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,063 shares of the company’s stock, valued at approximately $25,000. Institutional investors and hedge funds own 1.19% of the company’s stock.

Analyst Upgrades and Downgrades

HKIT has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hitek Global in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Hitek Global to a “sell” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Hitek Global

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. The company was founded in 1996 and is headquartered in Xiamen, China.