DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Sees Significant Drop in Short Interest

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 29,780 shares, a decline of 54.1% from the May 31st total of 64,925 shares. Based on an average trading volume of 29,674 shares, the short-interest ratio is currently 1.0 days. Currently, 0.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut DirectBooking Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

DirectBooking Technology Stock Down 7.6%

Shares of NASDAQ ZDAI opened at $1.95 on Wednesday. The business has a fifty day moving average price of $2.36 and a two-hundred day moving average price of $4.18. DirectBooking Technology has a fifty-two week low of $1.30 and a fifty-two week high of $14.22.

About DirectBooking Technology

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.