Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Update

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 90,249 shares, a decrease of 70.5% from the July 15th total of 305,900 shares. Approximately 69.4% of the shares of the company are sold short. Based on an average daily volume of 64,147 shares, the short-interest ratio is currently 1.4 days.

Trident Digital Tech Trading Down 14.5%

Trident Digital Tech stock traded down $0.32 during mid-day trading on Friday, hitting $1.89. The stock had a trading volume of 595,669 shares, compared to its average volume of 42,139. Trident Digital Tech has a one year low of $1.27 and a one year high of $37.20. The firm’s 50 day moving average is $277.70 and its 200 day moving average is $874.51.

Analyst Ratings Changes

Several analysts have issued reports on TDTH shares. Wall Street Zen raised Trident Digital Tech to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings upgraded Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Trident Digital Tech has an average rating of “Sell”.

Hedge Funds Weigh In On Trident Digital Tech

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in Trident Digital Tech by 547.5% during the 1st quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock valued at $81,000 after purchasing an additional 358,513 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in Trident Digital Tech in the 4th quarter worth approximately $59,000. Finally, XTX Topco Ltd boosted its stake in Trident Digital Tech by 397.6% in the 4th quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock worth $29,000 after purchasing an additional 76,879 shares during the period.

About Trident Digital Tech

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.