Trident Digital Tech Holdings Ltd (NASDAQ:TDTH – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 305,900 shares, a growth of 910.3% from the June 30th total of 30,279 shares. Currently, 235.3% of the shares of the stock are short sold. Based on an average trading volume of 7,606,374 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of Trident Digital Tech
A number of hedge funds and other institutional investors have recently modified their holdings of TDTH. XTX Topco Ltd lifted its stake in shares of Trident Digital Tech by 397.6% in the 4th quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after acquiring an additional 76,879 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Trident Digital Tech during the 4th quarter valued at $59,000. Finally, Renaissance Technologies LLC grew its position in Trident Digital Tech by 547.5% during the 1st quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock worth $81,000 after acquiring an additional 358,513 shares during the last quarter.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Trident Digital Tech to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Trident Digital Tech currently has a consensus rating of “Sell”.
Trident Digital Tech Stock Up 1.0%
Shares of TDTH stock traded up $0.03 on Friday, reaching $2.95. The company had a trading volume of 43,213 shares, compared to its average volume of 3,981,246. Trident Digital Tech has a one year low of $1.27 and a one year high of $48.60. The business’s 50-day moving average is $445.62 and its 200 day moving average is $1,190.45.
Trident Digital Tech (NASDAQ:TDTH – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($844.80) earnings per share for the quarter. The firm had revenue of $0.06 million for the quarter.
About Trident Digital Tech
Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.
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