CCSC Technology International Holdings Limited (NASDAQ:CCTG – Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 76,233 shares, a drop of 29.5% from the February 12th total of 108,194 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 29,686 shares, the days-to-cover ratio is currently 2.6 days. Based on an average trading volume of 29,686 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.9% of the company’s shares are sold short.
CCSC Technology International Price Performance
Shares of CCTG stock opened at $0.47 on Friday. The company’s 50-day simple moving average is $0.81 and its two-hundred day simple moving average is $5.47. CCSC Technology International has a one year low of $0.45 and a one year high of $26.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 1.84.
Wall Street Analyst Weigh In
Several brokerages have issued reports on CCTG. Wall Street Zen upgraded CCSC Technology International to a “sell” rating in a research report on Saturday, January 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of CCSC Technology International in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
About CCSC Technology International
CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.
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