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 in June. As of June 30th, there was short interest totaling 9,002 shares, a drop of 94.4% from the June 15th total of 161,487 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average trading volume of 156,611 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

CDT Environmental Technology Investment Stock Down 23.0%

CDTG traded down $0.54 on Friday, reaching $1.81. 787,800 shares of the stock were exchanged, compared to its average volume of 287,484. 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 company’s 50-day moving average price is $4.81 and its 200 day moving average price is $7.28. CDT Environmental Technology Investment has a fifty-two week low of $1.50 and a fifty-two week high of $53.25.

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

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.