CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Up 275.4% in March

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTGGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 110,159 shares, a growth of 275.4% from the February 26th total of 29,348 shares. Based on an average trading volume of 4,565,266 shares, the short-interest ratio is currently 0.0 days. Approximately 0.9% of the shares of the stock are short sold.

CDT Environmental Technology Investment Stock Up 0.2%

Shares of NASDAQ:CDTG opened at $0.44 on Thursday. The stock’s 50-day moving average price is $0.34 and its 200-day moving average price is $0.48. CDT Environmental Technology Investment has a 12-month low of $0.20 and a 12-month high of $2.78.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CDT Environmental Technology Investment in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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CDT Environmental Technology Investment Company Profile

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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.

Further Reading

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