Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Up 910.3% in July

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 305,900 shares, an increase of 910.3% from the June 30th total of 30,279 shares. Based on an average trading volume of 7,606,374 shares, the short-interest ratio is presently 0.0 days. Currently, 235.3% of the company’s stock are short sold.

Trident Digital Tech Trading Up 1.0%

Shares of NASDAQ TDTH opened at $2.95 on Friday. The firm’s 50-day simple moving average is $445.62 and its 200 day simple moving average is $1,190.45. Trident Digital Tech has a 12-month low of $1.27 and a 12-month high of $48.60.

Trident Digital Tech (NASDAQ:TDTH) last released its earnings results on Tuesday, April 28th. The company reported ($844.80) EPS for the quarter. The business had revenue of $0.06 million for the quarter.

Hedge Funds Weigh In On Trident Digital Tech

Large investors have recently modified their holdings of the business. XTX Topco Ltd lifted its position in Trident Digital Tech by 397.6% during the fourth quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock worth $29,000 after acquiring an additional 76,879 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new stake in Trident Digital Tech in the 4th quarter valued at $59,000. Finally, Renaissance Technologies LLC grew its holdings in Trident Digital Tech by 547.5% in the 1st quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock valued at $81,000 after buying an additional 358,513 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings upgraded Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. Wall Street Zen raised Trident Digital Tech to a “sell” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About Trident Digital Tech

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.