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

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 225,493 shares, an increase of 71.6% from the July 15th total of 131,417 shares. Currently, 5.8% of the shares of the stock are sold short. Based on an average daily volume of 985,190 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

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

CCSC Technology International Stock Performance

CCSC Technology International stock traded down $0.08 during trading hours on Monday, hitting $0.67. The stock had a trading volume of 152,068 shares, compared to its average volume of 2,527,094. 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 one year low of $0.35 and a one year high of $26.10. The business’s 50 day simple moving average is $0.85 and its 200-day simple moving average is $0.65.

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

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.