CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Down 78.7% in August

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 23,786 shares, a decrease of 78.7% from the August 15th total of 111,414 shares. Based on an average daily trading volume, of 126,388 shares, the short-interest ratio is presently 0.2 days. Approximately 0.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

CCSC Technology International Price Performance

NASDAQ CCTG traded up $0.01 during trading hours on Friday, reaching $0.61. 32,589 shares of the company’s stock were exchanged, compared to its average volume of 97,758. CCSC Technology International has a one year low of $0.35 and a one year high of $26.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.09 and a quick ratio of 1.65. The company’s 50-day moving average is $0.73 and its two-hundred day moving average is $0.65.

CCSC Technology International (NASDAQ:CCTG) last issued its quarterly earnings data on Friday, July 17th. The company reported ($0.57) EPS for the quarter. The company had revenue of $4.42 million for the quarter.

About CCSC Technology International

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.