Short Interest in CCSC Technology International Holdings Limited (NASDAQ:CCTG) Decreases By 50.6%

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 111,414 shares, a decline of 50.6% from the July 30th total of 225,493 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average trading volume of 676,941 shares, the days-to-cover ratio is currently 0.2 days.

CCSC Technology International Price Performance

Shares of CCSC Technology International stock traded down $0.02 during midday trading on Friday, hitting $0.66. The company had a trading volume of 50,867 shares, compared to its average volume of 410,060. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 2.09. The company has a fifty day simple moving average of $0.77 and a 200 day simple moving average of $0.65. CCSC Technology International has a 12-month low of $0.35 and a 12-month high of $26.10.

CCSC Technology International (NASDAQ:CCTG) last released its earnings results on Friday, July 17th. The company reported ($0.57) earnings per share for the quarter. The business had revenue of $4.42 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CCSC Technology International in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CCSC Technology International has a consensus rating of “Sell”.

About CCSC Technology International

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.