Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Sees Significant Decrease in Short Interest

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 50,972 shares, a decrease of 90.2% from the April 15th total of 521,280 shares. Based on an average trading volume of 216,755 shares, the short-interest ratio is currently 0.2 days. Currently, 39.2% of the company’s stock are sold short.

Institutional Trading of Trident Digital Tech

An institutional investor recently bought a new position in Trident Digital Tech stock. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 195,765 shares of the company’s stock, valued at approximately $59,000. J. Derek Lewis & Associates Inc. owned about 0.24% of Trident Digital Tech as of its most recent filing with the Securities & Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Trident Digital Tech from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Trident Digital Tech Stock Down 4.7%

Trident Digital Tech stock traded down $0.08 during midday trading on Wednesday, hitting $1.61. 48,895 shares of the company’s stock were exchanged, compared to its average volume of 145,924. Trident Digital Tech has a 12 month low of $1.43 and a 12 month high of $80.40. The firm has a 50-day moving average of $4.34 and a two-hundred day moving average of $10.13.

Trident Digital Tech (NASDAQ:TDTH) last issued its earnings results on Tuesday, April 28th. The company reported ($3.52) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million for the quarter.

Trident Digital Tech Company Profile

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.