Significant Surge in CISO Global's Short Interest During December

During December, CISO Global Inc. (NASDAQ:CISO) witnessed a remarkable 81.7% leap in short interest, signaling a substantial wave of investor skepticism towards the cybersecurity firm. Short interest in the company's stock skyrocketed to 1,890,000 shares by December 15th, a stark increase from the 1,040,000 shares reported at the month's start. Despite this uptick, only 2.1% of the company's outstanding shares are currently shorted. A days-to-cover ratio of 0.4 suggests that short positions could be covered within less than half a day, given the average trading volume of 4,880,400 shares.

CISO Global Price Performance

Market trading on a recent Friday left CISO Global's stock price unchanged at $0.10. This activity fell below the typical average volume, with only 848,551 shares changing hands. CISO Global's financial health indicators show a quick and current ratio of 0.50, and a debt-to-equity ratio standing at 0.34. The company's stock has fluctuated between a low of $0.08 and a high of $2.70 over the past year, with a 50-day moving average resting at $0.11 and a 200-day average at $0.15. Despite these performances, the last reported earnings on November 13th were less than optimistic, with a quarterly EPS of negative $0.03 and revenue of $14.07 million. The fiscal year's anticipated earnings per share are expected to remain in negative territory at -$0.38.

Institutional Investment Trends

Recent shifts in CISO Global's ownership reflect changing institutional confidence. For instance, Alliancebernstein L.P. increased their holdings by 17.5%, now possessing 22,800 shares valued at $67,000. Tower Research Capital LLC TRC nearly doubled its stake with a 92.1% rise, while Citigroup Inc. and Bank of New York Mellon Corp have initiated positions in the company. Currently, institutional investors lay claim to 5.95% of CISO Global's shares.

About CISO Global

CISO Global Inc. operates internationally as well as in the United States and Chile, specializing in cybersecurity and compliance services. Its portfolio of services covers a range of needs including managed security, consulting, compliance auditing, vulnerability assessment, penetration testing, disaster recovery and data backup, along with cybersecurity training offerings.

CISO, ShortInterest, Cybersecurity