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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTGGet Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 73,076 shares, a growth of 386.2% from the July 30th total of 15,029 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 633,853 shares, the days-to-cover ratio is currently 0.1 days.

CDT Environmental Technology Investment Stock Up 27.1%

Shares of CDTG stock opened at $1.25 on Wednesday. The business has a 50-day moving average of $1.65 and a 200 day moving average of $5.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. CDT Environmental Technology Investment has a 1-year low of $0.73 and a 1-year high of $53.25.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Weiss Ratings downgraded CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Wall Street Zen cut shares of CDT Environmental Technology Investment to a “strong sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

View Our Latest Stock Report on CDT Environmental Technology Investment

CDT Environmental Technology Investment Company Profile

(Get Free Report)

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.

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