Short Interest in Hitek Global Inc. (NASDAQ:HKIT) Drops By 11.8%

Hitek Global Inc. (NASDAQ:HKIT) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 26,100 shares, a drop of 11.8% from the September 15th total of 29,600 shares. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are short sold.

Hitek Global Stock Performance

HKIT stock opened at $1.40 on Thursday. The firm has a 50 day simple moving average of $1.48 and a 200 day simple moving average of $1.48. Hitek Global has a 52 week low of $0.54 and a 52 week high of $6.48.

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.