CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Update

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 15,029 shares, a decline of 87.6% from the July 15th total of 121,094 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 322,283 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut CDT Environmental Technology Investment from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CDT Environmental Technology Investment currently has a consensus rating of “Sell”.

CDT Environmental Technology Investment Price Performance

Shares of NASDAQ:CDTG traded down $0.02 during mid-day trading on Wednesday, hitting $1.25. 51,066 shares of the company traded hands, compared to its average volume of 157,115. The stock has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $6.01. CDT Environmental Technology Investment has a 12-month low of $0.73 and a 12-month high of $53.25. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01.

CDT Environmental Technology Investment (NASDAQ:CDTG) last released its quarterly earnings results on Friday, May 15th. The company reported ($9.13) earnings per share for the quarter. The company had revenue of $5.45 million for the quarter.

CDT Environmental Technology Investment Company Profile

CDT Environmental Technology Investment Ltd, incorporated in the Cayman Islands, is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol CDTG. The company was formed to raise capital through an initial public offering with the primary objective of identifying and combining with one or more businesses in the environmental technology sector.

Until it completes a business combination, CDT Environmental Technology Investment has no ongoing operations and holds the proceeds of its IPO in a trust account.