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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 342,288 shares, an increase of 368.4% from the August 15th total of 73,076 shares. Currently, 8.6% of the company’s stock are short sold. Based on an average daily volume of 13,394,206 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CDTG shares. Weiss Ratings downgraded shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Wall Street Zen downgraded CDT Environmental Technology Investment to a “strong sell” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CDT Environmental Technology Investment presently has a consensus rating of “Sell”.

CDT Environmental Technology Investment Trading Up 8.5%

NASDAQ CDTG traded up $0.11 on Friday, hitting $1.41. 4,898,951 shares of the stock were exchanged, compared to its average volume of 12,986,542. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The business’s fifty day moving average is $1.46 and its 200 day moving average is $5.01. CDT Environmental Technology Investment has a 52 week low of $0.73 and a 52 week high of $24.75.

CDT Environmental Technology Investment Company Profile

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.