CCSC Technology International Holdings Limited (NASDAQ:CCTG) Sees Significant Drop in Short Interest

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 76,233 shares, a drop of 29.5% from the February 12th total of 108,194 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 29,686 shares, the short-interest ratio is currently 2.6 days. Based on an average daily volume of 29,686 shares, the short-interest ratio is currently 2.6 days. Approximately 1.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CCTG shares. Wall Street Zen upgraded CCSC Technology International to a “sell” rating in a report on Saturday, January 24th. Weiss Ratings restated a “sell (e+)” rating on shares of CCSC Technology International in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

CCSC Technology International Price Performance

Shares of CCTG stock opened at $0.47 on Monday. The stock has a 50 day moving average price of $0.81 and a 200 day moving average price of $5.43. CCSC Technology International has a 52-week low of $0.45 and a 52-week high of $26.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.43.

CCSC Technology International Company Profile

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.