Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Stock Short Interest Report for October

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 94,591 shares, a growth of 178.1% from the October 15th total of 34,010 shares. Approximately 78.8% of the shares of the stock are sold short. Based on an average trading volume of 253,895 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Trident Digital Tech

A hedge fund recently raised its stake in Trident Digital Tech stock. Renaissance Technologies LLC grew its position in shares of Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) by 547.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 424,000 shares of the company’s stock after purchasing an additional 358,513 shares during the quarter. Renaissance Technologies LLC owned approximately 326.15% of Trident Digital Tech worth $81,000 as of its most recent SEC filing.

Trident Digital Tech Stock Down 8.4%

Shares of NASDAQ:TDTH traded down $0.07 during trading on Friday, hitting $0.72. 265,025 shares of the company were exchanged, compared to its average volume of 163,951. The business’s 50 day moving average is $1.10 and its 200-day moving average is $577.77. Trident Digital Tech has a 1-year low of $0.56 and a 1-year high of $19.50.

Trident Digital Tech (NASDAQ:TDTH) last released its quarterly earnings data on Friday, October 16th. The company reported ($1.38) earnings per share for the quarter. The company had revenue of $0.19 million during the quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Trident Digital Tech from a “sell (e+)” rating to a “sell (e-)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Trident Digital Tech to a “sell” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Trident Digital Tech Company Profile

Trident Digital Tech Holdings Limited is a technology company focused on providing digital transformation solutions. Its services are intended to help businesses modernize their technology infrastructure, improve operational efficiency and adopt digitally enabled business processes. The company’s offerings include technology and managed services supporting areas such as cloud computing, cybersecurity, data management and other enterprise digital solutions. These services are designed to assist organizations with the deployment, management and ongoing optimization of their digital systems.