CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Sees Large Growth in Short Interest

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 110,159 shares, an increase of 275.4% from the February 26th total of 29,348 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 4,565,266 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 4,565,266 shares, the short-interest ratio is presently 0.0 days. Approximately 0.9% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CDT Environmental Technology Investment in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, CDT Environmental Technology Investment presently has a consensus rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

CDTG stock opened at $0.44 on Wednesday. The firm’s 50-day moving average is $0.33 and its two-hundred day moving average is $0.48. CDT Environmental Technology Investment has a 52 week low of $0.20 and a 52 week high of $2.78.

About CDT Environmental Technology Investment

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.