CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Sees Significant Growth in Short Interest

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 121,094 shares, a growth of 1,245.2% from the June 30th total of 9,002 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 260,475 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

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

CDT Environmental Technology Investment Stock Down 7.8%

CDTG stock traded down $0.08 during trading on Friday, reaching $0.95. 323,694 shares of the company were exchanged, compared to its average volume of 315,933. 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 stock’s 50 day moving average price is $3.53 and its 200 day moving average price is $6.74. CDT Environmental Technology Investment has a 52-week low of $0.73 and a 52-week 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 (EPS) for the quarter. The business had revenue of $5.45 million for the quarter.

About CDT Environmental Technology Investment

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.