CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Update

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 85,796 shares, a growth of 27.2% from the March 31st total of 67,444 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 69,540 shares, the days-to-cover ratio is presently 1.2 days.

CCSC Technology International Price Performance

NASDAQ:CCTG traded down $0.00 during midday trading on Friday, hitting $0.61. 18,149 shares of the company traded hands, compared to its average volume of 426,402. The firm’s fifty day moving average is $0.50 and its 200-day moving average is $2.45. CCSC Technology International has a 12-month low of $0.37 and a 12-month high of $26.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 1.84.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CCTG. Wall Street Zen upgraded CCSC Technology International to a “sell” rating in a report on Saturday, January 24th. Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to 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.