Euro Tech Holdings Company Limited (NASDAQ:CLWT) Sees Large Drop in Short Interest

Euro Tech Holdings Company Limited (NASDAQ:CLWT) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 40,095 shares, a drop of 19.1% from the December 15th total of 49,585 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 6,185 shares, the short-interest ratio is presently 6.5 days. Based on an average trading volume of 6,185 shares, the short-interest ratio is presently 6.5 days. Currently, 2.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Euro Tech in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Euro Tech Stock Performance

CLWT stock traded up $0.05 during mid-day trading on Monday, reaching $1.24. 6,334 shares of the company’s stock were exchanged, compared to its average volume of 5,259. Euro Tech has a 12-month low of $0.99 and a 12-month high of $1.63. The stock’s 50 day moving average is $1.16 and its 200 day moving average is $1.24.

Euro Tech (NASDAQ:CLWT) last announced its earnings results on Tuesday, December 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $2.94 million during the quarter.

About Euro Tech

Euro Tech Holdings Company Limited primarily distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment to commercial customers, and governmental agencies in Hong Kong and the People's Republic of China. The company operates in two segments, Trading and Manufacturing, and Engineering. It sells analytical instruments, such as spectrophotometers, colorimeters, chromatographs, mass spectrometers, flow injector analyzers, automated sample preparation workstations, and atomic spectrometers; environmental monitoring instruments comprising air and water quality monitoring instruments; sample pre-treatment equipment; and general-purpose laboratory instruments consisting of water quality monitoring and analysis equipment.