Euro Tech Holdings Company Limited (NASDAQ:CLWT) Shares Shorted: Short Interest Down 85.9% in October

Euro Tech Holdings Company Limited (NASDAQ:CLWT) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 18,406 shares, a drop of 85.9% from the October 15th total of 130,664 shares. Based on an average daily volume of 38,983 shares, the short-interest ratio is currently 0.5 days. Currently, 1.2% of the shares of the company are short sold.

Euro Tech Price Performance

Shares of Euro Tech stock opened at $1.16 on Wednesday. The stock has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.38. Euro Tech has a 1 year low of $0.99 and a 1 year high of $2.68.

Analyst Ratings Changes

Separately, Weiss Ratings raised Euro Tech from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Euro Tech

Euro Tech Holdings Company Limited, doing business as Euro Tech (NASDAQ: CLWT), is a Hong Kong-based distributor of water treatment equipment and analytical instruments. The company supplies products used in municipal and industrial water and wastewater treatment, as well as equipment for monitoring and analyzing water quality and industrial processes. Its product offerings include water filtration and purification systems, membrane-related equipment, pumps, ultraviolet and ozone treatment systems, and laboratory and environmental testing instruments.