CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) Sees Large Decrease in Short Interest

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,300 shares, a decline of 73.9% from the September 30th total of 8,800 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CDT Environmental Technology Investment in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CDT Environmental Technology Investment stock. XTX Topco Ltd increased its stake in CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) by 234.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,438 shares of the company’s stock after acquiring an additional 24,147 shares during the period. XTX Topco Ltd owned approximately 0.32% of CDT Environmental Technology Investment worth $67,000 as of its most recent SEC filing.

CDT Environmental Technology Investment Trading Up 2.4%

CDTG stock opened at $0.62 on Thursday. CDT Environmental Technology Investment has a 52 week low of $0.52 and a 52 week high of $4.64. The company has a fifty day simple moving average of $0.71 and a two-hundred day simple moving average of $0.86.

About CDT Environmental Technology Investment

CDT Environmental Technology Investment Holdings Limited designs, develops, manufactures, sells, installs, operates, and maintains sewage treatment systems in China. The company sells complete sewage treatment systems; constructs rural sewage treatment plants; installs systems; and provides on-going operation and maintenance services for systems and plants in China for municipalities and enterprise clients.