CCSC Technology International Holdings Limited (NASDAQ:CCTG) Short Interest Update

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 128,216 shares, a growth of 91.7% from the April 30th total of 66,869 shares. Based on an average daily volume of 666,438 shares, the short-interest ratio is currently 0.2 days. Currently, 3.3% of the company’s shares are sold short.

CCSC Technology International Stock Performance

Shares of CCTG stock opened at $0.54 on Tuesday. The firm has a fifty day simple moving average of $0.51 and a two-hundred day simple moving average of $1.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 1.84. CCSC Technology International has a 12 month low of $0.35 and a 12 month high of $26.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CCSC Technology International in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CCSC Technology International has a consensus rating of “Sell”.

CCSC Technology International Company Profile

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.