Short Interest in DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Grows By 516.4%

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 47,526 shares, a growth of 516.4% from the April 15th total of 7,710 shares. Based on an average trading volume of 294,679 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the company’s stock are short sold.

DirectBooking Technology Trading Down 4.9%

Shares of DirectBooking Technology stock traded down $0.10 during trading on Wednesday, hitting $1.83. 13,879 shares of the company’s stock traded hands, compared to its average volume of 53,759. DirectBooking Technology has a 1 year low of $1.74 and a 1 year high of $17.60. The business has a 50-day simple moving average of $3.41 and a 200-day simple moving average of $5.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded DirectBooking Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, DirectBooking Technology has an average rating of “Sell”.

About DirectBooking Technology

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.