CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Update

CCSC Technology International Holdings Limited (NASDAQ:CCTG) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 225,493 shares, an increase of 71.6% from the July 15th total of 131,417 shares. Approximately 5.8% of the shares of the stock are sold short. Based on an average daily volume of 985,190 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CCSC Technology International in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

CCSC Technology International Stock Down 10.4%

Shares of NASDAQ CCTG traded down $0.08 during trading hours on Monday, hitting $0.67. 152,068 shares of the stock were exchanged, compared to its average volume of 2,527,094. The company’s fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $0.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 2.09. CCSC Technology International has a 1-year low of $0.35 and a 1-year high of $26.10.

CCSC Technology International (NASDAQ:CCTG) last released its earnings results on Friday, July 17th. The company reported ($0.57) earnings per share for the quarter. The business had revenue of $4.42 million during the quarter.

CCSC Technology International Company Profile

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.