DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Short Interest Down 57.3% in July

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 33,286 shares, a decline of 57.3% from the July 15th total of 77,983 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 47,496 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of DirectBooking Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, DirectBooking Technology has an average rating of “Sell”.

DirectBooking Technology Stock Down 4.4%

NASDAQ:ZDAI opened at $1.62 on Friday. The business’s 50-day moving average price is $2.06 and its 200 day moving average price is $3.38. DirectBooking Technology has a 52-week low of $1.30 and a 52-week high of $14.22.

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.