CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Up 89.3% in June

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 161,487 shares, a growth of 89.3% from the May 31st total of 85,325 shares. Currently, 33.0% of the shares of the company are short sold. Based on an average trading volume of 826,793 shares, the days-to-cover ratio is presently 0.2 days.

CDT Environmental Technology Investment Price Performance

CDTG stock traded up $0.18 during trading on Wednesday, reaching $2.07. The company’s stock had a trading volume of 68,579 shares, compared to its average volume of 109,939. CDT Environmental Technology Investment has a 1 year low of $1.50 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. The company’s fifty day moving average is $5.87 and its 200-day moving average is $7.74.

CDT Environmental Technology Investment (NASDAQ:CDTG) last announced its quarterly earnings data on Friday, May 15th. The company reported ($9.12) EPS for the quarter. The firm had revenue of $5.45 million during the quarter.

Analyst Ratings Changes

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.