Hitek Global Inc. (NASDAQ:HKIT) Sees Significant Growth in Short Interest

Hitek Global Inc. (NASDAQ:HKIT) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 10,700 shares, a growth of 311.5% from the January 31st total of 2,600 shares. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Hitek Global

An institutional investor recently bought a new position in Hitek Global stock. Citadel Advisors LLC acquired a new position in Hitek Global Inc. (NASDAQ:HKIT) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,884 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned 0.15% of Hitek Global at the end of the most recent reporting period. 1.19% of the stock is currently owned by institutional investors and hedge funds.

Hitek Global Trading Down 0.8 %

NASDAQ HKIT opened at $1.22 on Friday. The business’s 50-day moving average price is $1.33 and its 200 day moving average price is $1.39. Hitek Global has a twelve month low of $1.00 and a twelve month high of $2.20.

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.