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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 149,313 shares, a drop of 60.8% from the September 15th total of 380,834 shares. Based on an average daily volume of 181,128 shares, the short-interest ratio is presently 0.8 days. Approximately 3.7% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CDTG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CDT Environmental Technology Investment in a research note on Monday, September 14th. Wall Street Zen downgraded shares of CDT Environmental Technology Investment to a “strong sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

Shares of CDTG stock traded down $0.07 during mid-day trading on Tuesday, reaching $1.06. 79,284 shares of the company’s stock traded hands, compared to its average volume of 1,511,808. The company’s 50-day moving average price is $1.36 and its 200-day moving average price is $3.91. CDT Environmental Technology Investment has a 12 month low of $0.73 and a 12 month high of $18.00.

CDT Environmental Technology Investment Company Profile

CDT Environmental Technology Investment Holding Limited is an environmental services company focused on wastewater treatment and related infrastructure in China. The company provides solutions designed to collect, treat and manage domestic and municipal sewage, helping customers address water pollution and comply with environmental standards.

Its activities include the design, construction and operation of wastewater treatment systems, as well as the provision of related equipment and technical services.