CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Update

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 121,094 shares, an increase of 1,245.2% from the June 30th total of 9,002 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 260,475 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

CDT Environmental Technology Investment Stock Down 7.8%

CDT Environmental Technology Investment stock traded down $0.08 during midday trading on Friday, reaching $0.95. 323,694 shares of the company were exchanged, compared to its average volume of 315,933. The firm’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $6.74. CDT Environmental Technology Investment has a 1 year low of $0.73 and a 1 year high of $53.25. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01.

CDT Environmental Technology Investment (NASDAQ:CDTG) last announced its earnings results on Friday, May 15th. The company reported ($9.13) earnings per share for the quarter. The company had revenue of $5.45 million for the quarter.

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.