Short Interest in CCSC Technology International Holdings Limited (NASDAQ:CCTG) Expands By 71.6%

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 225,493 shares, an increase of 71.6% from the July 15th total of 131,417 shares. Based on an average daily volume of 985,190 shares, the short-interest ratio is presently 0.2 days. Currently, 5.8% of the company’s stock are short sold.

CCSC Technology International Stock Performance

Shares of CCTG stock traded up $0.01 during trading hours on Tuesday, reaching $0.67. The company had a trading volume of 56,813 shares, compared to its average volume of 2,511,333. The business has a fifty day moving average price of $0.85 and a 200-day moving average price of $0.65. CCSC Technology International has a one year low of $0.35 and a one year high of $26.10. 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 (NASDAQ:CCTG) last released its quarterly earnings data on Friday, July 17th. The company reported ($0.57) earnings per share for the quarter. The firm had revenue of $4.42 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CCSC Technology International presently has an average 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.