CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 73,076 shares, an increase of 386.2% from the July 30th total of 15,029 shares. Based on an average trading volume of 633,853 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.8% of the shares of the stock are short sold.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on CDTG shares. Wall Street Zen cut CDT Environmental Technology Investment to a “strong sell” rating in a report on Saturday, August 15th. 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Stock Report on CDTG
CDT Environmental Technology Investment Trading Up 0.9%
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.
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