CDT Equity Inc. (NASDAQ:CDT – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 129,505 shares, an increase of 239.0% from the September 30th total of 38,202 shares. Based on an average daily volume of 2,538,294 shares, the short-interest ratio is presently 0.1 days. Currently, 446.6% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
CDT has been the topic of several research analyst reports. Wall Street Zen raised CDT Equity from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CDT Equity in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.
Get Our Latest Research Report on CDT
CDT Equity Trading Down 13.9%
Shares of CDT stock traded down $0.01 during midday trading on Friday, reaching $0.07. 3,467,471 shares of the stock were exchanged, compared to its average volume of 1,164,685. The company’s 50 day moving average is $12.60 and its two-hundred day moving average is $1,672.69. The firm has a market cap of $1,989.00, a PE ratio of -0.00 and a beta of 1.59. CDT Equity has a 1 year low of $0.07 and a 1 year high of $18,500.00.
CDT Equity (NASDAQ:CDT – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($217.75) earnings per share for the quarter.
About CDT Equity
CDT Equity, Inc is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses.
As a SPAC, CDT Equity does not have significant commercial operations, products, or services of its own. Its principal activities generally consist of raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.
The company’s future business activities, geographic focus, and leadership structure will depend on any business combination it completes.
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