CTW Cayman (NASDAQ:CTW – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 28,054 shares, a decline of 33.9% from the August 15th total of 42,431 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 26,882 shares, the days-to-cover ratio is currently 1.0 days.
CTW Cayman Price Performance
Shares of CTW stock traded up $0.03 during trading hours on Thursday, reaching $2.29. 8,015 shares of the company were exchanged, compared to its average volume of 33,658. CTW Cayman has a fifty-two week low of $1.10 and a fifty-two week high of $3.14. The stock’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.40.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of CTW Cayman from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
Hedge Funds Weigh In On CTW Cayman
A hedge fund recently bought a new position in CTW Cayman stock. Pinnacle Associates Ltd. bought a new stake in CTW Cayman (NASDAQ:CTW – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $26,000.
About CTW Cayman
CTW Cayman Corp. is a blank check company incorporated in the Cayman Islands. The company was formed to pursue a business combination, such as a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction, with one or more operating businesses.
CTW Cayman has not identified a specific target or established ongoing commercial operations. Its activities are focused primarily on evaluating potential acquisition opportunities and completing an initial business combination.
The company’s intended target industry and geographic focus have not been publicly specified.
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