Here is What Hedge Funds Think About Global Sources Ltd. (Bermuda) (GSOL)

Due to the fact that Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) has experienced a falling interest from the entirety of the hedge funds we track, it’s safe to say that there is a sect of funds that elected to cut their full holdings in the third quarter. It’s worth mentioning that Eric Semler’s TCS Capital Management said goodbye to the largest investment of the 700 funds watched by Insider Monkey, worth about $0.3 million in stock. Renaissance Technologies also said goodbye to its stock, about $0.3 million worth of shares. These moves are interesting, as aggregate hedge fund interest fell by 4 funds in the third quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) but similarly valued. We will take a look at Cynapsus Therapeutics Inc (NASDAQ:CYNA), Senomyx Inc. (NASDAQ:SNMX), CRA International, Inc. (NASDAQ:CRAI), and Lifetime Brands Inc (NASDAQ:LCUT). This group of stocks’ market caps is closest to Global Sources Ltd. (Bermuda) (NASDAQ:GSOL)’s market cap.

As you can see, these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $36 million. That figure was $7 million in Global Sources Ltd. (Bermuda) (NASDAQ:GSOL)’s case. CRA International, Inc. (NASDAQ:CRAI) is the most popular stock in this table. On the other hand, Lifetime Brands Inc (NASDAQ:LCUT) is the least popular one with only 4 bullish hedge fund positions. Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, CRA International, Inc. (NASDAQ:CRAI) might be a better candidate to consider a long position.