CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG – Get Free Report) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 14,720 shares, a drop of 30.3% from the December 31st total of 21,127 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 81,113 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 81,113 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
CDT Environmental Technology Investment Trading Up 13.6%
CDTG stock traded up $0.05 during trading on Friday, hitting $0.39. The company had a trading volume of 62,112 shares, compared to its average volume of 54,874. CDT Environmental Technology Investment has a 52-week low of $0.25 and a 52-week high of $2.78. The company has a 50 day simple moving average of $0.39 and a 200-day simple moving average of $0.57.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of CDT Environmental Technology Investment in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CDT Environmental Technology Investment has a consensus rating of “Sell”.
About CDT Environmental Technology Investment
CDT Environmental Technology Investment Ltd, incorporated in the Cayman Islands, is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol CDTG. The company was formed to raise capital through an initial public offering with the primary objective of identifying and combining with one or more businesses in the environmental technology sector.
Until it completes a business combination, CDT Environmental Technology Investment has no ongoing operations and holds the proceeds of its IPO in a trust account.
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