CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG – Get Free Report) was the target of a large increase in short interest in 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. Currently, 17.3% of the company’s shares are short sold. Based on an average trading volume of 124,809 shares, the days-to-cover ratio is currently 0.7 days.
CDT Environmental Technology Investment Stock Performance
Shares of NASDAQ:CDTG opened at $1.95 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. CDT Environmental Technology Investment has a 52 week low of $1.81 and a 52 week high of $53.25. The firm has a 50 day simple moving average of $7.28 and a 200 day simple moving average of $8.37.
CDT Environmental Technology Investment (NASDAQ:CDTG – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported ($9.12) EPS for the quarter. The company had revenue of $5.45 million for the quarter.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on CDTG
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.
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