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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 9,002 shares, a decline of 94.4% from the June 15th total of 161,487 shares. Based on an average daily volume of 156,611 shares, the short-interest ratio is currently 0.1 days. Approximately 1.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

CDT Environmental Technology Investment Stock Down 23.0%

Shares of CDTG traded down $0.54 during mid-day trading on Friday, reaching $1.81. The company had a trading volume of 787,800 shares, compared to its average volume of 287,484. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $4.81 and its 200 day simple moving average is $7.28. CDT Environmental Technology Investment has a 1-year low of $1.50 and a 1-year high of $53.25.

CDT Environmental Technology Investment (NASDAQ:CDTG) last issued its quarterly earnings data on Friday, May 15th. The company reported ($9.13) EPS for the quarter. The company had revenue of $5.45 million for the quarter.

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.