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

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 111,414 shares, a decline of 50.6% from the July 30th total of 225,493 shares. Based on an average daily volume of 676,941 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.8% of the shares of the company are sold short.

CCSC Technology International Trading Down 2.4%

Shares of NASDAQ:CCTG traded down $0.02 during trading on Friday, reaching $0.66. 50,867 shares of the company traded hands, compared to its average volume of 410,060. The company’s 50 day moving average is $0.77 and its two-hundred day moving average is $0.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 2.09. CCSC Technology International has a 52 week low of $0.35 and a 52 week high of $26.10.

CCSC Technology International (NASDAQ:CCTG) last released its earnings results on Friday, July 17th. The company reported ($0.57) earnings per share (EPS) for the quarter. The firm had revenue of $4.42 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CCSC Technology International currently has a consensus rating of “Sell”.

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.