CCSC Technology International Holdings Limited (NASDAQ:CCTG) Sees Large Decrease in Short Interest

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 23,786 shares, a decrease of 78.7% from the August 15th total of 111,414 shares. Based on an average daily volume of 126,388 shares, the short-interest ratio is presently 0.2 days. Approximately 0.6% of the company’s stock are short sold.

CCSC Technology International Price Performance

NASDAQ CCTG opened at $0.60 on Friday. The company’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $0.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.09 and a quick ratio of 1.65. CCSC Technology International has a 52 week low of $0.35 and a 52 week high of $26.10.

CCSC Technology International (NASDAQ:CCTG) last released its quarterly earnings results on Friday, July 17th. The company reported ($0.57) earnings per share (EPS) for the quarter. The company had revenue of $4.42 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

CCSC Technology International Company Profile

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.