CCSC Technology International Holdings Limited (NASDAQ:CCTG) Stock Short Interest Report for October

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 219,446 shares, a growth of 1,241.4% from the September 30th total of 16,360 shares. Based on an average trading volume of 1,720,906 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.6% of the shares of the company are sold short.

CCSC Technology International Stock Down 2.7%

NASDAQ CCTG traded down $0.01 during trading hours on Monday, hitting $0.35. The company had a trading volume of 76,164 shares, compared to its average volume of 1,430,412. CCSC Technology International has a fifty-two week low of $0.31 and a fifty-two week high of $16.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.09 and a quick ratio of 1.65. The business has a fifty day simple moving average of $0.53 and a 200-day simple moving average of $0.66.

Analyst Ratings Changes

Separately, Weiss Ratings cut CCSC Technology International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About CCSC Technology International

CCSC Technology International Holdings Limited is a Hong Kong-based manufacturer and supplier of customized interconnect products. Through its operating subsidiaries, the company develops and produces cable assemblies, wire harnesses, connectors and related components used to transmit power and signals between electronic and electrical devices.

Its products are designed for use in a range of applications, including consumer electronics, automotive systems, industrial equipment, medical devices and other specialized electronic products.