CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Update

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 15,029 shares, a drop of 87.6% from the July 15th total of 121,094 shares. Based on an average daily volume of 322,283 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.4% of the company’s shares are short sold.

CDT Environmental Technology Investment Stock Down 5.9%

CDTG stock traded down $0.10 during trading on Friday, reaching $1.50. The stock had a trading volume of 32,829 shares, compared to its average volume of 162,992. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a fifty day moving average price of $1.81 and a 200 day moving average price of $5.90. CDT Environmental Technology Investment has a 1-year low of $0.73 and a 1-year high of $53.25.

CDT Environmental Technology Investment (NASDAQ:CDTG) last posted its quarterly earnings data on Friday, May 15th. The company reported ($9.13) earnings per share (EPS) for the quarter. The business had revenue of $5.45 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About CDT Environmental Technology Investment

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.