CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Down 50.6% in August

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 111,414 shares, a decline of 50.6% from the July 30th total of 225,493 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 676,941 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CCSC Technology International in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

CCSC Technology International Stock Down 2.1%

CCTG stock traded down $0.01 during trading on Monday, reaching $0.65. 94,846 shares of the company were exchanged, compared to its average volume of 2,382,380. The company has a quick ratio of 1.65, a current ratio of 2.09 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $0.77 and its 200 day moving average price is $0.65. CCSC Technology International has a 52-week low of $0.35 and a 52-week high of $26.10.

CCSC Technology International (NASDAQ:CCTG) last posted its quarterly earnings results on Friday, July 17th. The company reported ($0.57) earnings per share (EPS) for the quarter. The firm had revenue of $4.42 million for the quarter.

CCSC Technology International Company Profile

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.