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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,076 shares, a growth of 386.2% from the July 30th total of 15,029 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 633,853 shares, the short-interest ratio is presently 0.1 days.

CDT Environmental Technology Investment Trading Up 27.1%

CDTG stock opened at $1.25 on Wednesday. CDT Environmental Technology Investment has a fifty-two week low of $0.73 and a fifty-two week high of $53.25. The business’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $5.52. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

CDTG has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of CDT Environmental Technology Investment to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CDT Environmental Technology Investment Company Profile

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.