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

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 90,249 shares, a decrease of 70.5% from the July 15th total of 305,900 shares. Currently, 69.4% of the company’s stock are sold short. Based on an average trading volume of 64,147 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TDTH shares. Wall Street Zen upgraded Trident Digital Tech to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings upgraded shares of Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its holdings in shares of Trident Digital Tech by 397.6% during the fourth quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock worth $29,000 after buying an additional 76,879 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Trident Digital Tech in the fourth quarter worth $59,000. Finally, Renaissance Technologies LLC grew its stake in shares of Trident Digital Tech by 547.5% in the first quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock worth $81,000 after acquiring an additional 358,513 shares during the last quarter.

Trident Digital Tech Trading Down 1.6%

Trident Digital Tech stock opened at $2.15 on Thursday. Trident Digital Tech has a 52 week low of $1.27 and a 52 week high of $37.20. The business’s 50-day simple moving average is $304.17 and its 200-day simple moving average is $898.91.

Trident Digital Tech Company Profile

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.