Short Interest in CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Rises By 1,245.2%

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 121,094 shares, a growth of 1,245.2% from the June 30th total of 9,002 shares. Based on an average trading volume of 260,475 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

CDT Environmental Technology Investment Price Performance

NASDAQ:CDTG traded down $0.08 during mid-day trading on Friday, reaching $0.95. 323,694 shares of the stock were exchanged, compared to its average volume of 315,933. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The business has a fifty day moving average price of $3.53 and a 200 day moving average price of $6.74. CDT Environmental Technology Investment has a 1-year low of $0.73 and a 1-year high of $53.25.

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 business had revenue of $5.45 million for 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.