Green Circle Decarbonize Technology Limited (NYSEAMERICAN:GCDT) Sees Significant Drop in Short Interest

Green Circle Decarbonize Technology Limited (NYSEAMERICAN:GCDT) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 11,065 shares, a decrease of 98.3% from the September 30th total of 635,643 shares. Based on an average daily volume of 2,839,692 shares, the short-interest ratio is currently 0.0 days. Currently, 0.5% of the shares of the stock are short sold.

Green Circle Decarbonize Technology Trading Down 12.3%

Shares of GCDT stock traded down $0.02 during trading hours on Monday, reaching $0.15. The company’s stock had a trading volume of 66,164,285 shares, compared to its average volume of 8,236,240. Green Circle Decarbonize Technology has a fifty-two week low of $0.13 and a fifty-two week high of $35.10. The firm’s 50 day simple moving average is $2.09 and its 200-day simple moving average is $7.30. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.01.

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