DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Sees Significant Decrease in Short Interest

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 33,286 shares, a decline of 57.3% from the July 15th total of 77,983 shares. Based on an average daily trading volume, of 47,496 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded DirectBooking Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, DirectBooking Technology presently has an average rating of “Sell”.

DirectBooking Technology Stock Performance

Shares of ZDAI stock opened at $1.62 on Friday. The company’s 50 day moving average price is $2.06 and its two-hundred day moving average price is $3.38. DirectBooking Technology has a 52 week low of $1.30 and a 52 week high of $14.22.

DirectBooking Technology Company Profile

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.