Euro Tech Holdings Company Limited (NASDAQ:CLWT) Sees Large Drop in Short Interest

Euro Tech Holdings Company Limited (NASDAQ:CLWT) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 34,705 shares, a drop of 13.4% from the December 31st total of 40,095 shares. Based on an average daily volume of 5,020 shares, the short-interest ratio is currently 6.9 days. Approximately 2.1% of the shares of the stock are sold short. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 5,020 shares, the short-interest ratio is currently 6.9 days.

Euro Tech Stock Performance

Shares of Euro Tech stock traded up $0.02 during trading on Tuesday, reaching $1.29. 5,588 shares of the stock were exchanged, compared to its average volume of 5,322. The stock’s fifty day moving average is $1.20 and its 200 day moving average is $1.24. Euro Tech has a 1 year low of $0.99 and a 1 year high of $1.63.

Euro Tech (NASDAQ:CLWT) last announced its quarterly earnings results on Tuesday, December 30th. The company reported ($0.01) EPS for the quarter. The company had revenue of $2.94 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Euro Tech in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Euro Tech

Euro Tech Holdings Company Limited primarily distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment to commercial customers, and governmental agencies in Hong Kong and the People's Republic of China. The company operates in two segments, Trading and Manufacturing, and Engineering. It sells analytical instruments, such as spectrophotometers, colorimeters, chromatographs, mass spectrometers, flow injector analyzers, automated sample preparation workstations, and atomic spectrometers; environmental monitoring instruments comprising air and water quality monitoring instruments; sample pre-treatment equipment; and general-purpose laboratory instruments consisting of water quality monitoring and analysis equipment.