DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Short Interest Down 59.7% in July

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 77,983 shares, a decline of 59.7% from the June 30th total of 193,700 shares. Based on an average daily trading volume, of 42,618 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.0% of the shares of the company are sold short.

DirectBooking Technology Stock Down 6.8%

Shares of ZDAI traded down $0.12 during trading hours on Wednesday, reaching $1.58. 5,364 shares of the company traded hands, compared to its average volume of 242,751. The stock’s fifty day moving average is $2.24 and its 200 day moving average is $3.89. DirectBooking Technology has a 1-year low of $1.30 and a 1-year high of $14.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of DirectBooking Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, DirectBooking Technology 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.