Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Down 90.2% in April

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 50,972 shares, a decline of 90.2% from the April 15th total of 521,280 shares. Based on an average daily volume of 216,755 shares, the short-interest ratio is presently 0.2 days. Approximately 39.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Trident Digital Tech from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Trident Digital Tech has an average rating of “Sell”.

Institutional Investors Weigh In On Trident Digital Tech

A hedge fund recently raised its stake in Trident Digital Tech stock. XTX Topco Ltd raised its holdings in Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) by 397.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,217 shares of the company’s stock after purchasing an additional 76,879 shares during the quarter. XTX Topco Ltd owned 0.12% of Trident Digital Tech worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Trident Digital Tech Stock Performance

TDTH stock traded down $0.08 during trading on Tuesday, hitting $1.66. The company had a trading volume of 8,672 shares, compared to its average volume of 65,384. Trident Digital Tech has a 1-year low of $1.63 and a 1-year high of $80.40. The firm has a 50-day moving average price of $4.54 and a 200-day moving average price of $10.42.

Trident Digital Tech (NASDAQ:TDTH) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($3.52) earnings per share (EPS) for the quarter. The company had revenue of $0.06 million during the quarter.

About Trident Digital Tech

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.