Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Down 54.6% in September

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 231,300 shares, a decline of 54.6% from the September 15th total of 509,300 shares. Based on an average trading volume of 3,590,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 3,590,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TDTH. Weiss Ratings reissued a “sell (d-)” rating on shares of Trident Digital Tech in a report on Wednesday, October 8th. Wall Street Zen downgraded Trident Digital Tech from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Trident Digital Tech Stock Up 5.9%

Shares of NASDAQ:TDTH opened at $0.79 on Wednesday. Trident Digital Tech has a 52 week low of $0.17 and a 52 week high of $3.89. The business has a fifty day simple moving average of $0.87 and a 200-day simple moving average of $0.63.

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.