Short Interest in CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Rises By 1,245.2%

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 121,094 shares, a growth of 1,245.2% from the June 30th total of 9,002 shares. Based on an average daily trading volume, of 260,475 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.0% of the company’s shares are sold short.

CDT Environmental Technology Investment Stock Performance

Shares of CDT Environmental Technology Investment stock traded down $0.08 on Friday, hitting $0.95. The stock had a trading volume of 323,694 shares, compared to its average volume of 315,933. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. CDT Environmental Technology Investment has a one year low of $0.73 and a one year high of $53.25. The stock’s 50-day simple moving average is $3.53 and its two-hundred day simple moving average is $6.74.

CDT Environmental Technology Investment (NASDAQ:CDTG) last issued its earnings results on Friday, May 15th. The company reported ($9.13) EPS for the quarter. The company had revenue of $5.45 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, CDT Environmental Technology Investment currently has a consensus rating of “Sell”.

About CDT Environmental Technology Investment

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.