Short Interest in CCSC Technology International Holdings Limited (NASDAQ:CCTG) Declines By 87.8%

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 104,991 shares, a decrease of 87.8% from the January 15th total of 862,511 shares. Based on an average daily volume of 810,561 shares, the short-interest ratio is currently 0.1 days. Approximately 2.7% of the shares of the company are short sold. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 810,561 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCTG shares. Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a research note on Wednesday, January 21st. Wall Street Zen upgraded CCSC Technology International to a “sell” rating in a research note on Saturday, January 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

CCSC Technology International Trading Up 2.5%

CCTG traded up $0.02 during mid-day trading on Thursday, reaching $0.64. 359,846 shares of the company traded hands, compared to its average volume of 1,115,153. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.43. The company’s fifty day moving average price is $1.35 and its 200-day moving average price is $7.03. CCSC Technology International has a 52-week low of $0.60 and a 52-week high of $26.10.

About CCSC Technology International

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.