Green Circle Decarbonize Technology Limited (NYSEAMERICAN:GCDT) Stock Short Interest Jumps 1,327.4%

Green Circle Decarbonize Technology Limited (NYSEAMERICAN:GCDT) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 635,643 shares, a growth of 1,327.4% from the September 15th total of 44,530 shares. Based on an average daily volume of 27,761,423 shares, the short-interest ratio is currently 0.0 days. Currently, 29.6% of the company’s shares are sold short.

Green Circle Decarbonize Technology Price Performance

Shares of Green Circle Decarbonize Technology stock traded down $0.07 during trading on Friday, hitting $0.50. 1,119,313 shares of the company were exchanged, compared to its average volume of 3,827,604. The firm’s fifty day moving average price is $2.55 and its 200 day moving average price is $3.88. Green Circle Decarbonize Technology has a 1-year low of $0.44 and a 1-year high of $35.10.

Green Circle Decarbonize Technology (NYSEAMERICAN:GCDT) last posted its earnings results on Friday, August 14th. The company reported ($0.39) earnings per share for the quarter. The business had revenue of $0.84 million for the quarter.

Green Circle Decarbonize Technology Company Profile

Green Circle Decarbonize Technology Limited is a special purpose acquisition company (SPAC) focused on identifying and completing a business combination with a company operating in the decarbonization technology sector.

The company does not appear to operate a commercial product or service business of its own. Its stated focus is to pursue a merger, share exchange, asset acquisition, or similar transaction with a business involved in technologies or solutions intended to reduce carbon emissions and support the transition to a lower-carbon economy.

As a newly formed acquisition vehicle, Green Circle Decarbonize Technology’s operations and future activities depend on the completion of a business combination.