Short Interest in CCSC Technology International Holdings Limited (NASDAQ:CCTG) Drops By 29.5%

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 76,233 shares, a drop of 29.5% from the February 12th total of 108,194 shares. Based on an average trading volume of 29,686 shares, the short-interest ratio is presently 2.6 days. Approximately 1.9% of the company’s shares are sold short. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 29,686 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of CCSC Technology International in a research note on Wednesday, January 21st. Wall Street Zen raised CCSC Technology International to a “sell” rating in a research note on Saturday, January 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

CCSC Technology International Stock Performance

NASDAQ:CCTG traded down $0.02 during trading hours on Friday, reaching $0.47. The company had a trading volume of 7,917 shares, compared to its average volume of 41,893. CCSC Technology International has a twelve month low of $0.45 and a twelve month high of $26.10. The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is $0.81 and its two-hundred day simple moving average is $5.51.

CCSC Technology International Company Profile

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.