CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Sees Significant Decline in Short Interest

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 14,720 shares, a decrease of 30.3% from the December 31st total of 21,127 shares. Based on an average trading volume of 81,113 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 81,113 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

Shares of CDTG stock traded up $0.05 during mid-day trading on Friday, hitting $0.39. 62,112 shares of the stock traded hands, compared to its average volume of 54,874. The stock’s fifty day moving average is $0.39 and its two-hundred day moving average is $0.57. CDT Environmental Technology Investment has a 52-week low of $0.25 and a 52-week high of $2.78.

About CDT Environmental Technology Investment

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.