CCSC Technology International Holdings Limited (NASDAQ:CCTG) Stock Short Interest Report for October

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 219,446 shares, an increase of 1,241.4% from the September 30th total of 16,360 shares. Based on an average daily volume of 1,720,906 shares, the short-interest ratio is currently 0.1 days. Approximately 5.6% of the shares of the company are short sold.

CCSC Technology International Price Performance

Shares of CCTG stock traded down $0.01 during midday trading on Monday, reaching $0.35. 76,164 shares of the company were exchanged, compared to its average volume of 1,430,412. CCSC Technology International has a 12 month low of $0.31 and a 12 month high of $16.90. The company’s 50 day moving average price is $0.53 and its two-hundred day moving average price is $0.66. The company has a quick ratio of 1.65, a current ratio of 2.09 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of CCSC Technology International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About CCSC Technology International

CCSC Technology International Holdings Limited is a Hong Kong-based manufacturer and supplier of customized interconnect products. Through its operating subsidiaries, the company develops and produces cable assemblies, wire harnesses, connectors and related components used to transmit power and signals between electronic and electrical devices.

Its products are designed for use in a range of applications, including consumer electronics, automotive systems, industrial equipment, medical devices and other specialized electronic products.