CDT Equity Inc. (NASDAQ:CDT – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 129,505 shares, an increase of 239.0% from the September 30th total of 38,202 shares. Based on an average daily trading volume, of 2,538,294 shares, the short-interest ratio is presently 0.1 days. Approximately 446.6% of the shares of the company are short sold.
CDT Equity Stock Performance
NASDAQ:CDT opened at $0.07 on Friday. The business has a 50 day simple moving average of $11.15 and a 200 day simple moving average of $1,627.06. CDT Equity has a 12-month low of $0.06 and a 12-month high of $18,500.00.
CDT Equity (NASDAQ:CDT – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($217.75) earnings per share for the quarter.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CDT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of CDT Equity in a research note on Monday, September 21st. Wall Street Zen upgraded CDT Equity from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Get Our Latest Research Report on CDT Equity
About CDT Equity
CDT Equity, Inc is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses.
As a SPAC, CDT Equity does not have significant commercial operations, products, or services of its own. Its principal activities generally consist of raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.
The company’s future business activities, geographic focus, and leadership structure will depend on any business combination it completes.
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