Short Interest in CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Expands By 368.4%

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 342,288 shares, an increase of 368.4% from the August 15th total of 73,076 shares. Approximately 8.6% of the company’s stock are sold short. Based on an average daily trading volume, of 13,394,206 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of research firms have recently weighed in on CDTG. Wall Street Zen lowered CDT Environmental Technology Investment to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings cut CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, CDT Environmental Technology Investment has a consensus rating of “Sell”.

CDT Environmental Technology Investment Stock Up 8.5%

CDTG traded up $0.11 on Friday, reaching $1.41. The company’s stock had a trading volume of 4,506,952 shares, compared to its average volume of 1,662,958. CDT Environmental Technology Investment has a fifty-two week low of $0.73 and a fifty-two week high of $24.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a 50 day moving average of $1.47 and a two-hundred day moving average of $5.03.

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.