Short Interest in DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Drops By 57.3%

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 33,286 shares, a decrease of 57.3% from the July 15th total of 77,983 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 47,496 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded DirectBooking Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

DirectBooking Technology Trading Down 4.4%

Shares of NASDAQ ZDAI opened at $1.62 on Friday. DirectBooking Technology has a 12-month low of $1.30 and a 12-month high of $14.22. The stock has a 50 day simple moving average of $2.06 and a 200-day simple moving average of $3.38.

About DirectBooking Technology

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.