Trident Digital Tech Holdings Ltd (NASDAQ:TDTH – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 34,010 shares, a decline of 50.2% from the September 30th total of 68,329 shares. Currently, 28.3% of the company’s shares are sold short. Based on an average daily trading volume, of 37,661 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Investors Weigh In On Trident Digital Tech
A hedge fund recently raised its position in Trident Digital Tech stock. Renaissance Technologies LLC grew its position in Trident Digital Tech Holdings Ltd (NASDAQ:TDTH – Free Report) by 547.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,000 shares of the company’s stock after purchasing an additional 358,513 shares during the period. Renaissance Technologies LLC owned approximately 326.15% of Trident Digital Tech worth $81,000 as of its most recent SEC filing.
Wall Street Analysts Forecast Growth
TDTH has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Trident Digital Tech from a “sell (e+)” rating to a “sell (e-)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Trident Digital Tech to a “sell” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Trident Digital Tech presently has a consensus rating of “Sell”.
Read Our Latest Stock Report on TDTH
Trident Digital Tech Stock Up 0.4%
Shares of NASDAQ TDTH traded up $0.00 during trading on Friday, hitting $0.69. 14,817 shares of the company traded hands, compared to its average volume of 167,618. Trident Digital Tech has a 1 year low of $0.56 and a 1 year high of $22.65. The company has a 50-day moving average price of $1.33 and a 200-day moving average price of $715.61.
Trident Digital Tech (NASDAQ:TDTH – Get Free Report) last released its quarterly earnings data on Friday, October 16th. The company reported ($1.38) EPS for the quarter. The firm had revenue of $0.19 million during the quarter.
Trident Digital Tech Company Profile
Trident Digital Tech Holdings Limited is a technology company focused on providing digital transformation solutions. Its services are intended to help businesses modernize their technology infrastructure, improve operational efficiency and adopt digitally enabled business processes.
The company’s offerings include technology and managed services supporting areas such as cloud computing, cybersecurity, data management and other enterprise digital solutions. These services are designed to assist organizations with the deployment, management and ongoing optimization of their digital systems.
Publicly available information about Trident Digital Tech Holdings Limited’s leadership, operating history and geographic markets is limited.
Recommended Stories
- Five stocks we like better than Trident Digital Tech
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for Trident Digital Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trident Digital Tech and related companies with MarketBeat.com's FREE daily email newsletter.
