DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Sees Large Increase in Short Interest

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 193,700 shares, a growth of 550.4% from the June 15th total of 29,780 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,305,132 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded DirectBooking Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

DirectBooking Technology Stock Performance

ZDAI traded down $0.07 on Friday, reaching $1.95. The company’s stock had a trading volume of 36,867 shares, compared to its average volume of 1,239,920. DirectBooking Technology has a fifty-two week low of $1.30 and a fifty-two week high of $14.22. The stock has a 50 day moving average of $2.27 and a two-hundred day moving average of $4.04.

DirectBooking Technology Company Profile

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.