Euro Tech Holdings Company Limited (NASDAQ:CLWT) Short Interest Update

Euro Tech Holdings Company Limited (NASDAQ:CLWT) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 4,300 shares, a drop of 45.6% from the February 13th total of 7,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Euro Tech

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned about 4.05% of Euro Tech at the end of the most recent quarter. 2.86% of the stock is owned by institutional investors.

Euro Tech Trading Down 5.8 %

Shares of CLWT stock traded down $0.08 during trading on Friday, hitting $1.31. The company had a trading volume of 23,291 shares, compared to its average volume of 11,629. The stock’s 50-day moving average price is $1.31 and its 200 day moving average price is $1.44. Euro Tech has a one year low of $1.11 and a one year high of $1.94.

Euro Tech declared that its board has approved a share buyback plan on Thursday, February 20th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Euro Tech in a research note on Monday, March 10th. They issued a “sell” rating on the stock.

About Euro Tech

Euro Tech Holdings Company Limited primarily distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment to commercial customers, and governmental agencies in Hong Kong and the People's Republic of China. The company operates in two segments, Trading and Manufacturing, and Engineering.