Euro Tech Holdings Company Limited (NASDAQ:CLWT) Sees Significant Decrease in Short Interest

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

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Euro Tech in a report on Monday, March 10th. They issued a “sell” rating for the company.

Hedge Funds Weigh In On Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC bought a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned 4.05% of Euro Tech at the end of the most recent reporting period. 2.86% of the stock is currently owned by institutional investors and hedge funds.

Euro Tech Stock Performance

Shares of NASDAQ CLWT traded down $0.08 during mid-day trading on Friday, reaching $1.31. 23,291 shares of the company’s stock were exchanged, compared to its average volume of 11,629. Euro Tech has a 52-week low of $1.11 and a 52-week high of $1.94. The company’s 50-day moving average is $1.31 and its 200-day moving average is $1.44.

Euro Tech declared that its board has authorized a share repurchase program on Thursday, February 20th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Euro Tech Company Profile

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.