DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Sees Significant Decrease in Short Interest

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAIGet Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 29,780 shares, a decrease of 54.1% from the May 31st total of 64,925 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 29,674 shares, the days-to-cover ratio is presently 1.0 days.

DirectBooking Technology Stock Performance

Shares of NASDAQ:ZDAI opened at $2.25 on Monday. The company’s fifty day moving average price is $2.44 and its 200 day moving average price is $4.23. DirectBooking Technology has a 12 month low of $1.30 and a 12 month high of $14.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered DirectBooking Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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DirectBooking Technology Company Profile

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We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.

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