CCSC Technology International Holdings Limited (NASDAQ:CCTG) Sees Significant Decline in Short Interest

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 40,900 shares, a drop of 24.3% from the August 15th total of 54,000 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 46,600 shares, the days-to-cover ratio is currently 0.9 days.

CCSC Technology International Stock Up 11.1 %

NASDAQ CCTG traded up $0.18 on Tuesday, reaching $1.81. The company had a trading volume of 100,675 shares, compared to its average volume of 547,435. CCSC Technology International has a 1 year low of $1.20 and a 1 year high of $30.00. The firm has a 50-day moving average of $1.70 and a 200-day moving average of $2.26.

About CCSC Technology International

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.