Hitek Global Inc. (NASDAQ:HKIT) Short Interest Up 311.5% in February

Hitek Global Inc. (NASDAQ:HKIT) was the target of a large growth in short interest in 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. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 33,800 shares, the days-to-cover ratio is currently 0.3 days.

Hitek Global Stock Down 0.8 %

Shares of Hitek Global stock traded down $0.01 during midday trading on Friday, reaching $1.22. 15,312 shares of the company’s stock traded hands, compared to its average volume of 29,129. The company’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.39. Hitek Global has a 52 week low of $1.00 and a 52 week high of $2.20.

Institutional Inflows and Outflows

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

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.