Short Interest in Hitek Global Inc. (NASDAQ:HKIT) Rises By 114.3%

Hitek Global Inc. (NASDAQ:HKIT) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 6,000 shares, an increase of 114.3% from the December 15th total of 2,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 29,300 shares, the short-interest ratio is currently 0.2 days.

Hitek Global Stock Performance

Shares of NASDAQ:HKIT traded down $0.08 during midday trading on Tuesday, reaching $1.39. 30,933 shares of the company traded hands, compared to its average volume of 45,204. The firm’s fifty day moving average price is $1.35 and its two-hundred day moving average price is $1.43. Hitek Global has a 12 month low of $0.54 and a 12 month 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.