CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Shares Shorted: Short Interest Down 60.8% in September

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 149,313 shares, a drop of 60.8% from the September 15th total of 380,834 shares. Based on an average daily trading volume, of 181,128 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.7% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CDTG shares. Weiss Ratings reissued a “sell (d-)” rating on shares of CDT Environmental Technology Investment in a research note on Monday, September 14th. Wall Street Zen cut CDT Environmental Technology Investment to a “strong sell” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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CDT Environmental Technology Investment Trading Down 5.8%

NASDAQ CDTG traded down $0.07 on Tuesday, hitting $1.06. The company’s stock had a trading volume of 79,284 shares, compared to its average volume of 1,511,808. CDT Environmental Technology Investment has a 52-week low of $0.73 and a 52-week high of $18.00. The company’s 50-day simple moving average is $1.36 and its 200 day simple moving average is $3.91.

CDT Environmental Technology Investment Company Profile

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CDT Environmental Technology Investment Holding Limited is an environmental services company focused on wastewater treatment and related infrastructure in China. The company provides solutions designed to collect, treat and manage domestic and municipal sewage, helping customers address water pollution and comply with environmental standards.

Its activities include the design, construction and operation of wastewater treatment systems, as well as the provision of related equipment and technical services.

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