CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Sees Large Increase in Short Interest

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,076 shares, a growth of 386.2% from the July 30th total of 15,029 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 633,853 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CDTG. Wall Street Zen cut shares of CDT Environmental Technology Investment to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CDT Environmental Technology Investment Price Performance

NASDAQ CDTG traded down $0.02 during mid-day trading on Thursday, hitting $1.13. The stock had a trading volume of 1,598,642 shares, compared to its average volume of 7,601,221. The company has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $5.43. CDT Environmental Technology Investment has a 52-week low of $0.73 and a 52-week high of $53.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46.

CDT Environmental Technology Investment Company Profile

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.