Euro Tech Holdings Company Limited (NASDAQ:CLWT) Short Interest Down 45.6% in February

Euro Tech Holdings Company Limited (NASDAQ:CLWT) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 4,300 shares, a drop of 45.6% from the February 13th total of 7,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is currently 0.3 days.

Euro Tech Stock Performance

Shares of CLWT stock traded down $0.07 during mid-day trading on Friday, hitting $1.32. 5,308 shares of the stock were exchanged, compared to its average volume of 15,423. Euro Tech has a 12-month low of $1.11 and a 12-month high of $1.94. The stock’s fifty day simple moving average is $1.31 and its two-hundred day simple moving average is $1.45.

Euro Tech announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Euro Tech in a report on Monday. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned approximately 4.05% of Euro Tech as of its most recent SEC filing. Hedge funds and other institutional investors own 2.86% of the company’s stock.

About Euro Tech

Euro Tech Holdings Company Limited primarily distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment to commercial customers, and governmental agencies in Hong Kong and the People's Republic of China. The company operates in two segments, Trading and Manufacturing, and Engineering.