Euro Tech Holdings Company Limited (NASDAQ:CLWT) Shares Shorted: Short Interest Up 3,625.8% in October

Euro Tech Holdings Company Limited (NASDAQ:CLWT) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 130,664 shares, an increase of 3,625.8% from the September 30th total of 3,507 shares. Currently, 8.4% of the shares of the stock are short sold. Based on an average trading volume of 6,372,151 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Euro Tech from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Euro Tech presently has an average rating of “Hold”.

Euro Tech Trading Down 0.8%

Shares of NASDAQ CLWT traded down $0.01 during midday trading on Wednesday, hitting $1.31. The stock had a trading volume of 946 shares, compared to its average volume of 923,350. Euro Tech has a 52 week low of $0.99 and a 52 week high of $2.68. The business’s 50 day moving average is $1.50 and its 200-day moving average is $1.38.

About Euro Tech

Euro Tech Holdings Company Limited, doing business as Euro Tech (NASDAQ: CLWT), is a Hong Kong-based distributor of water treatment equipment and analytical instruments. The company supplies products used in municipal and industrial water and wastewater treatment, as well as equipment for monitoring and analyzing water quality and industrial processes.

Its product offerings include water filtration and purification systems, membrane-related equipment, pumps, ultraviolet and ozone treatment systems, and laboratory and environmental testing instruments.