DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Short Interest Down 57.3% in July

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 33,286 shares, a decline of 57.3% from the July 15th total of 77,983 shares. Based on an average trading volume of 47,496 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

DirectBooking Technology Stock Performance

Shares of DirectBooking Technology stock opened at $1.62 on Monday. The business has a 50 day moving average of $2.06 and a 200 day moving average of $3.33. DirectBooking Technology has a 52 week low of $1.30 and a 52 week high of $14.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of DirectBooking Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, DirectBooking Technology has an average rating of “Sell”.

About DirectBooking Technology

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.