Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Update

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 50,972 shares, a drop of 90.2% from the April 15th total of 521,280 shares. Based on an average trading volume of 216,755 shares, the days-to-cover ratio is presently 0.2 days. Currently, 39.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Trident Digital Tech from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Trident Digital Tech Stock Performance

TDTH traded down $0.15 on Monday, reaching $1.74. 36,864 shares of the stock were exchanged, compared to its average volume of 66,038. The company’s 50-day moving average price is $4.54 and its 200 day moving average price is $10.42. Trident Digital Tech has a fifty-two week low of $1.67 and a fifty-two week high of $80.40.

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

Institutional Trading of Trident Digital Tech

A hedge fund recently raised its stake in Trident Digital Tech stock. XTX Topco Ltd lifted its position in shares of Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) by 397.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,217 shares of the company’s stock after acquiring an additional 76,879 shares during the quarter. XTX Topco Ltd owned 0.12% of Trident Digital Tech worth $29,000 as of its most recent SEC filing.

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.