CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Stock Short Interest Falls 60.8%

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 149,313 shares, a decrease of 60.8% from the September 15th total of 380,834 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 181,128 shares, the short-interest ratio is presently 0.8 days.

CDT Environmental Technology Investment Stock Down 3.2%

CDT Environmental Technology Investment stock traded down $0.04 during mid-day trading on Wednesday, reaching $1.06. 44,749 shares of the company traded hands, compared to its average volume of 1,505,013. The firm’s 50 day moving average price is $1.36 and its 200 day moving average price is $3.84. CDT Environmental Technology Investment has a 52-week low of $0.73 and a 52-week high of $18.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CDTG shares. Wall Street Zen lowered CDT Environmental Technology Investment to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of CDT Environmental Technology Investment in a research note on Monday, September 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About CDT Environmental Technology Investment

CDT Environmental Technology Investment Holding Limited is an environmental services company focused on wastewater treatment and related infrastructure in China. The company provides solutions designed to collect, treat and manage domestic and municipal sewage, helping customers address water pollution and comply with environmental standards.

Its activities include the design, construction and operation of wastewater treatment systems, as well as the provision of related equipment and technical services.