CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Short Interest Up 275.4% in March

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the target of a significant increase in short interest in 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. Based on an average daily volume of 4,565,266 shares, the short-interest ratio is presently 0.0 days. Currently, 0.9% of the company’s shares are short sold.

CDT Environmental Technology Investment Stock Down 24.1%

Shares of NASDAQ:CDTG opened at $0.34 on Friday. The firm’s 50 day simple moving average is $0.33 and its 200-day simple moving average is $0.48. CDT Environmental Technology Investment has a one year low of $0.20 and a one year high of $2.78.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of CDT Environmental Technology Investment in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.