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

by · The Markets Daily

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 342,288 shares, a growth of 368.4% from the August 15th total of 73,076 shares. Based on an average daily volume of 13,394,206 shares, the days-to-cover ratio is currently 0.0 days. Currently, 8.6% of the shares of the stock are sold short.

CDT Environmental Technology Investment Stock Up 8.5%

Shares of NASDAQ:CDTG traded up $0.11 during mid-day trading on Friday, reaching $1.41. 4,506,952 shares of the company were exchanged, compared to its average volume of 1,662,958. CDT Environmental Technology Investment has a 1 year low of $0.73 and a 1 year high of $24.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s 50-day simple moving average is $1.47 and its 200 day simple moving average is $5.03.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of CDT Environmental Technology Investment to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CDT Environmental Technology Investment currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on CDTG

CDT Environmental Technology Investment Company Profile

(Get Free Report)

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.

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