CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Down 96.8% in December

CCSC Technology International Holdings Limited (NASDAQ:CCTG) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 13,679 shares, a drop of 96.8% from the November 30th total of 433,479 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 535,139 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 535,139 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

CCSC Technology International Stock Down 5.9%

Shares of CCTG opened at $0.17 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.35 and a quick ratio of 1.89. The company’s fifty day moving average price is $0.50 and its 200-day moving average price is $0.94. CCSC Technology International has a 1-year low of $0.12 and a 1-year high of $2.61.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CCSC Technology International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About CCSC Technology International

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.