Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Down 70.5% in July

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 90,249 shares, a drop of 70.5% from the July 15th total of 305,900 shares. Approximately 69.4% of the shares of the company are short sold. Based on an average daily volume of 64,147 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TDTH shares. Weiss Ratings raised shares of Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Trident Digital Tech to a “sell” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Trident Digital Tech has a consensus rating of “Sell”.

Trident Digital Tech Stock Performance

TDTH opened at $2.15 on Thursday. The stock’s 50 day simple moving average is $304.17 and its 200-day simple moving average is $898.91. Trident Digital Tech has a 1 year low of $1.27 and a 1 year high of $37.20.

Institutional Investors Weigh In On Trident Digital Tech

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd boosted its position in shares of Trident Digital Tech by 397.6% during the 4th quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after acquiring an additional 76,879 shares in the last quarter. J. Derek Lewis & Associates Inc. bought a new stake in Trident Digital Tech in the fourth quarter valued at about $59,000. Finally, Renaissance Technologies LLC raised its position in Trident Digital Tech by 547.5% in the first quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock worth $81,000 after purchasing an additional 358,513 shares in the last quarter.

Trident Digital Tech Company Profile

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.