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

CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 54,900 shares, an increase of 174.5% from the January 15th total of 20,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 240,000 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On CDT Environmental Technology Investment

A hedge fund recently bought a new stake in CDT Environmental Technology Investment stock. Renaissance Technologies LLC purchased a new stake in shares of CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,800 shares of the company’s stock, valued at approximately $266,000. Renaissance Technologies LLC owned 0.56% of CDT Environmental Technology Investment as of its most recent filing with the Securities & Exchange Commission.

CDT Environmental Technology Investment Price Performance

CDTG traded down $0.01 during trading on Thursday, hitting $1.40. 20,924 shares of the company traded hands, compared to its average volume of 205,596. The stock’s fifty day moving average is $2.70 and its 200 day moving average is $3.10. CDT Environmental Technology Investment has a one year low of $1.16 and a one year high of $4.64.

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.