CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Update

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 85,325 shares, an increase of 62.2% from the May 14th total of 52,598 shares. Approximately 17.3% of the shares of the stock are short sold. Based on an average daily volume of 124,809 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

CDTG opened at $2.78 on Tuesday. The business’s fifty day simple moving average is $7.39 and its 200 day simple moving average is $8.42. CDT Environmental Technology Investment has a 52 week low of $2.26 and a 52 week high of $53.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.

CDT Environmental Technology Investment (NASDAQ:CDTG) last issued its quarterly earnings results on Friday, May 15th. The company reported ($9.12) earnings per share (EPS) for the quarter. The business had revenue of $5.45 million during the quarter.

CDT Environmental Technology Investment Company Profile

CDT Environmental Technology Investment Ltd, incorporated in the Cayman Islands, is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol CDTG. The company was formed to raise capital through an initial public offering with the primary objective of identifying and combining with one or more businesses in the environmental technology sector.

Until it completes a business combination, CDT Environmental Technology Investment has no ongoing operations and holds the proceeds of its IPO in a trust account.