Hitek Global Inc. (NASDAQ:HKIT) Short Interest Down 62.9% in January

Hitek Global Inc. (NASDAQ:HKIT) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,600 shares, a decrease of 62.9% from the January 15th total of 7,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 34,300 shares, the days-to-cover ratio is presently 0.1 days.

Hitek Global Stock Performance

Shares of NASDAQ HKIT opened at $1.34 on Thursday. Hitek Global has a 12 month low of $1.00 and a 12 month high of $4.06. The firm has a fifty day simple moving average of $1.36 and a two-hundred day simple moving average of $1.40.

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.