Euro Tech Holdings Company Limited (NASDAQ:CLWT) Sees Large Drop in Short Interest

Euro Tech Holdings Company Limited (NASDAQ:CLWT) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,507 shares, a decrease of 51.8% from the September 15th total of 7,274 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 8,231 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Euro Tech from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Euro Tech Stock Down 2.5%

CLWT stock traded down $0.04 during midday trading on Wednesday, reaching $1.53. 199,028 shares of the company were exchanged, compared to its average volume of 969,101. Euro Tech has a 1-year low of $0.99 and a 1-year high of $2.68. The stock’s 50-day simple moving average is $1.55 and its 200 day simple moving average is $1.44.

Euro Tech Company Profile

Euro Tech Holdings Company Limited (NASDAQ: CLWT) is a Hong Kong-based company that supplies water treatment, environmental protection, and laboratory equipment. Its products are used in municipal and industrial water and wastewater treatment, environmental monitoring, and scientific testing applications.

The company distributes equipment such as water purification and wastewater treatment systems, pumps, valves, membrane and filtration products, ultraviolet disinfection systems, sludge treatment equipment, and related monitoring and analytical instruments.