CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Update

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 104,991 shares, a decrease of 87.8% from the January 15th total of 862,511 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 810,561 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 810,561 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CCTG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of CCSC Technology International in a research report on Wednesday, January 21st. Wall Street Zen raised CCSC Technology International to a “sell” rating in a research note on Saturday, January 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

CCSC Technology International Trading Up 3.4%

CCSC Technology International stock opened at $0.68 on Wednesday. CCSC Technology International has a 12-month low of $0.60 and a 12-month high of $26.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 1.84. The firm has a 50-day moving average price of $1.38 and a 200-day moving average price of $7.08.

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.