Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Update

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 90,249 shares, a decrease of 70.5% from the July 15th total of 305,900 shares. Currently, 69.4% of the company’s stock are short sold. Based on an average trading volume of 64,147 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

A number of research firms have commented on TDTH. Weiss Ratings raised Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. Wall Street Zen raised Trident Digital Tech to a “sell” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Trident Digital Tech currently has a consensus rating of “Sell”.

Institutional Trading of Trident Digital Tech

Several large investors have recently modified their holdings of TDTH. Renaissance Technologies LLC lifted its holdings in Trident Digital Tech by 547.5% in the first quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock valued at $81,000 after acquiring an additional 358,513 shares during the period. J. Derek Lewis & Associates Inc. bought a new stake in shares of Trident Digital Tech during the 4th quarter valued at about $59,000. Finally, XTX Topco Ltd grew its stake in shares of Trident Digital Tech by 397.6% during the 4th quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after purchasing an additional 76,879 shares during the period.

Trident Digital Tech Trading Down 14.5%

TDTH stock traded down $0.32 on Friday, hitting $1.89. The company had a trading volume of 595,669 shares, compared to its average volume of 42,139. Trident Digital Tech has a 12-month low of $1.27 and a 12-month high of $37.20. The stock’s 50-day simple moving average is $277.70 and its 200 day simple moving average is $874.51.

About Trident Digital Tech

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.