DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Sees Large Increase in Short Interest

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 47,526 shares, an increase of 516.4% from the April 15th total of 7,710 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 294,679 shares, the days-to-cover ratio is currently 0.2 days.

DirectBooking Technology Stock Performance

DirectBooking Technology stock opened at $1.98 on Tuesday. The firm’s fifty day moving average price is $3.46 and its 200-day moving average price is $5.27. DirectBooking Technology has a fifty-two week low of $1.74 and a fifty-two week high of $17.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of DirectBooking Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About DirectBooking Technology

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.