CCSC Technology International Holdings Limited (NASDAQ:CCTG) Stock Short Interest Report for October

CCSC Technology International Holdings Limited (NASDAQ:CCTG) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 219,446 shares, a growth of 1,241.4% from the September 30th total of 16,360 shares. Currently, 5.6% of the shares of the company are short sold. Based on an average daily volume of 1,720,906 shares, the short-interest ratio is presently 0.1 days.

CCSC Technology International Price Performance

Shares of NASDAQ:CCTG traded down $0.01 during midday trading on Tuesday, reaching $0.34. 16,801 shares of the company were exchanged, compared to its average volume of 2,064,648. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.09 and a quick ratio of 1.65. The business’s fifty day moving average is $0.53 and its two-hundred day moving average is $0.66. CCSC Technology International has a one year low of $0.31 and a one year high of $16.90.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut CCSC Technology International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

CCSC Technology International Company Profile

CCSC Technology International Holdings Limited is a Hong Kong-based manufacturer and supplier of customized interconnect products. Through its operating subsidiaries, the company develops and produces cable assemblies, wire harnesses, connectors and related components used to transmit power and signals between electronic and electrical devices.

Its products are designed for use in a range of applications, including consumer electronics, automotive systems, industrial equipment, medical devices and other specialized electronic products.