CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Update

CCSC Technology International Holdings Limited (NASDAQ:CCTGGet Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 23,786 shares, a decline of 78.7% from the August 15th total of 111,414 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 126,388 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CCSC Technology International in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Check Out Our Latest Analysis on CCSC Technology International

CCSC Technology International Trading Down 3.2%

Shares of NASDAQ CCTG opened at $0.60 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.09 and a quick ratio of 1.65. The firm’s 50-day moving average price is $0.74 and its two-hundred day moving average price is $0.65. CCSC Technology International has a 52-week low of $0.35 and a 52-week high of $26.10.

CCSC Technology International (NASDAQ:CCTGGet Free Report) last announced its quarterly earnings results on Friday, July 17th. The company reported ($0.57) earnings per share for the quarter. The firm had revenue of $4.42 million during the quarter.

CCSC Technology International Company Profile

(Get Free Report)

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.

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