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

Euro Tech Holdings Company Limited (NASDAQ:CLWT) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 3,400 shares, a drop of 20.9% from the February 28th total of 4,300 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Euro Tech in a research note on Wednesday, March 26th. They issued a “sell” rating on the stock.

Institutional Trading of Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new stake in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned approximately 4.05% of Euro Tech as of its most recent filing with the Securities and Exchange Commission. 2.86% of the stock is owned by hedge funds and other institutional investors.

Euro Tech Stock Down 11.4 %

NASDAQ CLWT opened at $1.09 on Tuesday. Euro Tech has a one year low of $1.08 and a one year high of $1.94. The business has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.42.

Euro Tech announced that its Board of Directors has approved a stock buyback plan on Thursday, February 20th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors 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.