Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Down 41.1% in June

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 19,564 shares, a decrease of 41.1% from the May 31st total of 33,199 shares. Based on an average daily volume of 99,334 shares, the short-interest ratio is presently 0.2 days. Approximately 15.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Trident Digital Tech from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Trident Digital Tech Stock Performance

Shares of NASDAQ TDTH traded up $0.16 during midday trading on Wednesday, reaching $1.62. 19,842 shares of the company were exchanged, compared to its average volume of 87,080. The stock has a fifty day simple moving average of $2.08 and a 200 day simple moving average of $6.23. Trident Digital Tech has a 1 year low of $1.27 and a 1 year high of $80.40.

Trident Digital Tech (NASDAQ:TDTH) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($3.52) earnings per share for the quarter. The company had revenue of $0.06 million during the quarter.

Institutional Trading of Trident Digital Tech

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Trident Digital Tech by 547.5% during the first quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock worth $81,000 after buying an additional 358,513 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new position in Trident Digital Tech in the fourth quarter valued at approximately $59,000. Finally, XTX Topco Ltd raised its position in Trident Digital Tech by 397.6% in the fourth quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after purchasing an additional 76,879 shares during the period.

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.