CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Sees Large Decline in Short Interest

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 15,029 shares, a decline of 87.6% from the July 15th total of 121,094 shares. Based on an average daily volume of 322,283 shares, the short-interest ratio is currently 0.0 days. Approximately 0.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

CDT Environmental Technology Investment Trading Up 24.3%

CDT Environmental Technology Investment stock traded up $0.30 during mid-day trading on Thursday, hitting $1.52. 259,555 shares of the stock were exchanged, compared to its average volume of 156,755. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $5.95. CDT Environmental Technology Investment has a 12 month low of $0.73 and a 12 month high of $53.25.

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