CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Down 23.1% in April

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 48,795 shares, a decline of 23.1% from the March 31st total of 63,414 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 122,880 shares, the days-to-cover ratio is currently 0.4 days.

CDT Environmental Technology Investment Stock Down 4.7%

Shares of CDTG stock traded down $0.01 during trading hours on Thursday, hitting $0.29. The company’s stock had a trading volume of 7,715 shares, compared to its average volume of 671,111. The business has a fifty day moving average of $0.34 and a 200-day moving average of $0.40. CDT Environmental Technology Investment has a twelve month low of $0.20 and a twelve month high of $2.60.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CDT Environmental Technology Investment presently has a consensus rating of “Sell”.

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.