Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Up 910.3% in July

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 305,900 shares, an increase of 910.3% from the June 30th total of 30,279 shares. Based on an average daily trading volume, of 7,606,374 shares, the days-to-cover ratio is presently 0.0 days. Currently, 235.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Trident Digital Tech

A number of institutional investors have recently made changes to their positions in TDTH. XTX Topco Ltd grew its stake in shares of Trident Digital Tech by 397.6% during the fourth quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after buying an additional 76,879 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of Trident Digital Tech during the fourth quarter valued at about $59,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Trident Digital Tech by 547.5% during the first quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock worth $81,000 after purchasing an additional 358,513 shares during the period.

Trident Digital Tech Trading Up 1.0%

Shares of NASDAQ TDTH opened at $2.95 on Friday. Trident Digital Tech has a fifty-two week low of $1.27 and a fifty-two week high of $48.60. The stock has a fifty day moving average of $445.62 and a 200-day moving average of $1,190.45.

Trident Digital Tech (NASDAQ:TDTH) last posted its earnings results on Tuesday, April 28th. The company reported ($844.80) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million for the quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TDTH shares. Wall Street Zen upgraded shares of Trident Digital Tech to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings upgraded Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Trident Digital Tech currently has an average rating of “Sell”.

Trident Digital Tech Company Profile

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.