Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Sees Significant Growth in Short Interest

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 305,900 shares, a growth of 910.3% from the June 30th total of 30,279 shares. Based on an average daily trading volume, of 7,606,374 shares, the short-interest ratio is currently 0.0 days. Approximately 235.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TDTH shares. Wall Street Zen upgraded Trident Digital Tech to a “sell” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Trident Digital Tech

A number of large investors have recently bought and sold shares of TDTH. XTX Topco Ltd raised its holdings in shares of Trident Digital Tech by 397.6% during the fourth quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after purchasing an additional 76,879 shares during the period. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Trident Digital Tech in the 4th quarter valued at about $59,000. Finally, Renaissance Technologies LLC grew its stake in shares of Trident Digital Tech by 547.5% in the 1st quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock valued at $81,000 after buying an additional 358,513 shares during the period.

Trident Digital Tech Stock Performance

Shares of TDTH stock opened at $2.95 on Monday. Trident Digital Tech has a fifty-two week low of $1.27 and a fifty-two week high of $48.60. The stock has a 50 day simple moving average of $445.62 and a two-hundred day simple moving average of $1,174.91.

Trident Digital Tech (NASDAQ:TDTH) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($844.80) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million during the quarter.

Trident Digital Tech Company Profile

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.