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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTGGet Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 15,029 shares, a decline of 87.6% from the July 15th total of 121,094 shares. Based on an average daily trading volume, of 322,283 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.4% of the company’s stock are short sold.

CDT Environmental Technology Investment Price Performance

Shares of CDTG stock traded down $0.02 on Wednesday, hitting $1.25. The company’s stock had a trading volume of 51,066 shares, compared to its average volume of 157,115. The stock’s 50 day moving average is $1.99 and its 200-day moving average is $6.01. CDT Environmental Technology Investment has a fifty-two week low of $0.73 and a fifty-two week high of $53.25. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01.

CDT Environmental Technology Investment (NASDAQ:CDTGGet Free Report) last released its earnings results on Friday, May 15th. The company reported ($9.13) earnings per share (EPS) for the quarter. The firm had revenue of $5.45 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Check Out Our Latest Report on CDTG

CDT Environmental Technology Investment Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for CDT Environmental Technology Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDT Environmental Technology Investment and related companies with MarketBeat.com's FREE daily email newsletter.