Short Interest in CCSC Technology International Holdings Limited (NASDAQ:CCTG) Declines By 78.7%

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 23,786 shares, a drop of 78.7% from the August 15th total of 111,414 shares. Based on an average trading volume of 126,388 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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, CCSC Technology International presently has an average rating of “Sell”.

CCSC Technology International Stock Performance

Shares of NASDAQ:CCTG traded up $0.01 on Friday, hitting $0.61. The company had a trading volume of 32,589 shares, compared to its average volume of 97,758. The company has a quick ratio of 1.65, a current ratio of 2.09 and a debt-to-equity ratio of 0.01. CCSC Technology International has a 52-week low of $0.35 and a 52-week high of $26.10. The business has a 50 day moving average of $0.73 and a 200 day moving average of $0.65.

CCSC Technology International (NASDAQ:CCTG) last announced its earnings results on Friday, July 17th. The company reported ($0.57) earnings per share for the quarter. The company 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.