Short Interest in CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Drops By 23.1%

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 48,795 shares, a decline of 23.1% from the March 31st total of 63,414 shares. Based on an average trading volume of 122,880 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CDT Environmental Technology Investment in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CDT Environmental Technology Investment Stock Performance

CDTG stock traded up $0.00 during trading on Friday, hitting $0.28. The company had a trading volume of 3,455 shares, compared to its average volume of 663,092. The business has a 50 day moving average of $0.34 and a 200 day moving average of $0.40. CDT Environmental Technology Investment has a fifty-two week low of $0.20 and a fifty-two week high of $2.13.

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.