Short Interest in CTW Cayman (NASDAQ:CTW) Decreases By 33.9%

CTW Cayman (NASDAQ:CTW) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 28,054 shares, a decrease of 33.9% from the August 15th total of 42,431 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 26,882 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On CTW Cayman

A hedge fund recently bought a new position in CTW Cayman stock. Pinnacle Associates Ltd. acquired a new position in shares of CTW Cayman (NASDAQ:CTW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,000 shares of the company’s stock, valued at approximately $26,000.

CTW Cayman Trading Up 1.3%

Shares of NASDAQ CTW traded up $0.03 during trading hours on Thursday, hitting $2.29. The stock had a trading volume of 8,015 shares, compared to its average volume of 33,658. The firm’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.40. CTW Cayman has a 52 week low of $1.10 and a 52 week high of $3.14.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised CTW Cayman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About CTW Cayman

CTW Cayman Corp. is a blank check company incorporated in the Cayman Islands. The company was formed to pursue a business combination, such as a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction, with one or more operating businesses.

CTW Cayman has not identified a specific target or established ongoing commercial operations. Its activities are focused primarily on evaluating potential acquisition opportunities and completing an initial business combination.

The company’s intended target industry and geographic focus have not been publicly specified.