Green Circle Decarbonize Technology Limited (NYSEAMERICAN:GCDT) Stock Short Interest Jumps 1,327.4%

Green Circle Decarbonize Technology Limited (NYSEAMERICAN:GCDT) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 635,643 shares, an increase of 1,327.4% from the September 15th total of 44,530 shares. Approximately 29.6% of the company’s stock are sold short. Based on an average trading volume of 27,761,423 shares, the days-to-cover ratio is currently 0.0 days.

Green Circle Decarbonize Technology Price Performance

GCDT traded down $0.07 during trading on Friday, reaching $0.50. 1,119,313 shares of the stock were exchanged, compared to its average volume of 3,827,604. The stock’s 50 day moving average price is $2.55 and its two-hundred day moving average price is $3.88. Green Circle Decarbonize Technology has a twelve month low of $0.44 and a twelve month high of $35.10.

Green Circle Decarbonize Technology (NYSEAMERICAN:GCDT) last issued its earnings results on Friday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter. The company had revenue of $0.84 million for the quarter.

Green Circle Decarbonize Technology Company Profile

Green Circle Decarbonize Technology Limited is a special purpose acquisition company (SPAC) focused on identifying and completing a business combination with a company operating in the decarbonization technology sector.

The company does not appear to operate a commercial product or service business of its own. Its stated focus is to pursue a merger, share exchange, asset acquisition, or similar transaction with a business involved in technologies or solutions intended to reduce carbon emissions and support the transition to a lower-carbon economy.

As a newly formed acquisition vehicle, Green Circle Decarbonize Technology’s operations and future activities depend on the completion of a business combination.