CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Update

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 161,487 shares, an increase of 89.3% from the May 31st total of 85,325 shares. Based on an average daily trading volume, of 826,793 shares, the days-to-cover ratio is currently 0.2 days. Currently, 33.0% of the shares of the stock are short sold.

CDT Environmental Technology Investment Price Performance

CDTG traded down $0.05 on Thursday, hitting $2.07. 128,152 shares of the company’s stock were exchanged, compared to its average volume of 113,324. CDT Environmental Technology Investment has a twelve month low of $1.50 and a twelve month high of $53.25. The stock has a fifty day moving average of $5.72 and a two-hundred day moving average of $7.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.

CDT Environmental Technology Investment (NASDAQ:CDTG) last posted its quarterly earnings results on Friday, May 15th. The company reported ($9.12) earnings per share (EPS) for the quarter. The business had revenue of $5.45 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently 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.