Short Interest in CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Expands By 89.3%

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTGGet Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 161,487 shares, a growth of 89.3% from the May 31st total of 85,325 shares. Based on an average trading volume of 826,793 shares, the short-interest ratio is presently 0.2 days. Approximately 33.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

View Our Latest Research Report on CDTG

CDT Environmental Technology Investment Price Performance

Shares of NASDAQ:CDTG traded up $0.18 during midday trading on Wednesday, hitting $2.07. The company had a trading volume of 68,579 shares, compared to its average volume of 109,939. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. CDT Environmental Technology Investment has a 12-month low of $1.50 and a 12-month high of $53.25. The company has a fifty day moving average of $5.87 and a two-hundred day moving average of $7.74.

CDT Environmental Technology Investment (NASDAQ:CDTGGet Free Report) last released its earnings results on Friday, May 15th. The company reported ($9.12) earnings per share for the quarter. The company had revenue of $5.45 million during the quarter.

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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