CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Update

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 9,002 shares, a decrease of 94.4% from the June 15th total of 161,487 shares. Based on an average daily trading volume, of 156,611 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

CDTG traded down $0.54 during midday trading on Friday, hitting $1.81. 787,800 shares of the company were exchanged, compared to its average volume of 287,484. The firm’s 50 day moving average price is $4.81 and its 200-day moving average price is $7.28. CDT Environmental Technology Investment has a 1-year low of $1.50 and a 1-year high of $53.25. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01.

CDT Environmental Technology Investment (NASDAQ:CDTG) last issued its quarterly earnings results on Friday, May 15th. The company reported ($9.13) earnings per share for the quarter. The firm had revenue of $5.45 million during the quarter.

About CDT Environmental Technology Investment

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.