Short Interest in DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Decreases By 59.7%

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 77,983 shares, a decline of 59.7% from the June 30th total of 193,700 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 42,618 shares, the days-to-cover ratio is currently 1.8 days.

DirectBooking Technology Price Performance

Shares of ZDAI stock opened at $1.69 on Monday. DirectBooking Technology has a 12-month low of $1.30 and a 12-month high of $14.22. The business’s fifty day simple moving average is $2.25 and its 200-day simple moving average is $3.92.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of DirectBooking Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About DirectBooking Technology

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.