Short Interest in CCSC Technology International Holdings Limited (NASDAQ:CCTG) Decreases By 50.6%

CCSC Technology International Holdings Limited (NASDAQ:CCTG – Get Free Report) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 111,414 shares, a decrease of 50.6% from the July 30th total of 225,493 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily volume of 676,941 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CCSC Technology International in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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CCSC Technology International Stock Down 2.4%

CCTG stock traded down $0.02 during midday trading on Friday, hitting $0.66. 50,867 shares of the company’s stock were exchanged, compared to its average volume of 410,060. CCSC Technology International has a 1-year low of $0.35 and a 1-year high of $26.10. The business has a 50-day simple moving average of $0.77 and a two-hundred day simple moving average of $0.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.09 and a quick ratio of 1.65.

CCSC Technology International (NASDAQ:CCTG – Get Free Report) last posted its earnings results on Friday, July 17th. The company reported ($0.57) EPS for the quarter. The business had revenue of $4.42 million for the quarter.

CCSC Technology International Company Profile

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CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.

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