CCSC Technology International Holdings Limited (NASDAQ:CCTG) Sees Large Increase in Short Interest

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 60,500 shares, a growth of 52.4% from the September 30th total of 39,700 shares. Based on an average daily trading volume, of 49,500 shares, the short-interest ratio is presently 1.2 days. Approximately 2.6% of the shares of the company are short sold.

CCSC Technology International Stock Performance

NASDAQ CCTG opened at $2.56 on Tuesday. CCSC Technology International has a 52-week low of $1.20 and a 52-week high of $30.00. The company has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.99.

CCSC Technology International Company Profile

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.