CCSC Technology International Holdings Limited (NASDAQ:CCTG) Sees Significant Growth in Short Interest

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 865,829 shares, a growth of 6,229.6% from the December 15th total of 13,679 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 18,583,300 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 18,583,300 shares, the short-interest ratio is presently 0.0 days. Approximately 2.2% of the company’s shares are short sold.

CCSC Technology International Stock Performance

Shares of CCSC Technology International stock opened at $0.13 on Wednesday. CCSC Technology International has a 12 month low of $0.12 and a 12 month high of $2.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.43. The business has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.85.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently 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.