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

Hitek Global Inc. (NASDAQ:HKIT) was the recipient of a significant 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. Based on an average daily trading volume, of 33,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Hitek Global Stock Down 0.8 %

Shares of NASDAQ:HKIT traded down $0.01 during mid-day trading on Friday, hitting $1.22. The stock had a trading volume of 15,312 shares, compared to its average volume of 29,129. Hitek Global has a 12-month low of $1.00 and a 12-month high of $2.20. The company’s 50 day moving average is $1.33 and its 200-day moving average is $1.39.

Institutional Investors Weigh In On Hitek Global

An institutional investor recently bought a new position in Hitek Global stock. Citadel Advisors LLC purchased a new stake in Hitek Global Inc. (NASDAQ:HKIT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,884 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned approximately 0.15% of Hitek Global as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.19% of the company’s stock.

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.