Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Update

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 19,564 shares, a decrease of 41.1% from the May 31st total of 33,199 shares. Approximately 15.0% of the company’s shares are short sold. Based on an average trading volume of 99,334 shares, the short-interest ratio is currently 0.2 days.

Trident Digital Tech Stock Performance

Shares of NASDAQ:TDTH opened at $1.57 on Friday. The business has a 50-day moving average of $2.05 and a two-hundred day moving average of $6.02. Trident Digital Tech has a 12 month low of $1.27 and a 12 month high of $80.40.

Trident Digital Tech (NASDAQ:TDTH) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($3.52) earnings per share for the quarter. The firm had revenue of $0.06 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Trident Digital Tech

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in shares of Trident Digital Tech by 547.5% in the 1st quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock valued at $81,000 after acquiring an additional 358,513 shares during the period. J. Derek Lewis & Associates Inc. acquired a new position in shares of Trident Digital Tech during the 4th quarter valued at $59,000. Finally, XTX Topco Ltd boosted its position in Trident Digital Tech by 397.6% during the 4th quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock worth $29,000 after purchasing an additional 76,879 shares during the period.

About Trident Digital Tech

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.