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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 161,487 shares, an increase of 89.3% from the May 31st total of 85,325 shares. Approximately 33.0% of the shares of the company are short sold. Based on an average trading volume of 826,793 shares, the days-to-cover ratio is presently 0.2 days.

CDT Environmental Technology Investment Stock Performance

Shares of NASDAQ CDTG remained flat at $2.10 during midday trading on Friday. The stock had a trading volume of 144,359 shares, compared to its average volume of 585,522. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. CDT Environmental Technology Investment has a one year low of $1.50 and a one year high of $53.25. The business has a 50 day moving average of $5.57 and a 200 day moving average of $7.61.

CDT Environmental Technology Investment (NASDAQ:CDTG) last posted its earnings results on Friday, May 15th. The company reported ($9.12) earnings per share for the quarter. The company had revenue of $5.45 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CDT Environmental Technology Investment currently has an average rating of “Sell”.

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.