Short Interest in CCSC Technology International Holdings Limited (NASDAQ:CCTG) Grows By 91.7%

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 128,216 shares, a growth of 91.7% from the April 30th total of 66,869 shares. Based on an average daily volume of 666,438 shares, the short-interest ratio is currently 0.2 days. Approximately 3.3% of the company’s shares are short sold.

CCSC Technology International Trading Down 12.4%

NASDAQ:CCTG opened at $0.47 on Thursday. The firm’s fifty day simple moving average is $0.51 and its 200 day simple moving average is $0.98. CCSC Technology International has a twelve month low of $0.35 and a twelve month high of $26.10. The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CCSC Technology International presently has an average rating of “Sell”.

About CCSC Technology International

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.