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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 29,348 shares, an increase of 185.3% from the February 12th total of 10,286 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 74,499 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 74,499 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

CDT Environmental Technology Investment Stock Down 11.2%

Shares of NASDAQ CDTG opened at $0.36 on Wednesday. CDT Environmental Technology Investment has a one year low of $0.20 and a one year high of $2.78. The business’s fifty day moving average price is $0.33 and its 200-day moving average price is $0.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CDT Environmental Technology Investment currently has an average rating of “Sell”.

CDT Environmental Technology Investment Company Profile

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.