CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Down 96.8% in December

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 13,679 shares, a decrease of 96.8% from the November 30th total of 433,479 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 535,139 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 535,139 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CCSC Technology International in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

CCSC Technology International Stock Performance

CCTG stock opened at $0.17 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.89. The company’s 50-day moving average is $0.48 and its 200-day moving average is $0.93. CCSC Technology International has a 1 year low of $0.12 and a 1 year high of $2.61.

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.