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

CCSC Technology International Holdings Limited (NASDAQ:CCTG) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 65,900 shares, a decrease of 24.3% from the February 28th total of 87,000 shares. Based on an average daily trading volume, of 177,900 shares, the short-interest ratio is presently 0.4 days. Currently, 2.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CCSC Technology International stock. Two Sigma Investments LP purchased a new stake in CCSC Technology International Holdings Limited (NASDAQ:CCTG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,899 shares of the company’s stock, valued at approximately $25,000. Two Sigma Investments LP owned about 0.14% of CCSC Technology International as of its most recent filing with the Securities and Exchange Commission (SEC).

CCSC Technology International Price Performance

NASDAQ:CCTG opened at $1.61 on Wednesday. CCSC Technology International has a twelve month low of $1.20 and a twelve month high of $3.41. The company’s 50-day moving average price is $1.70 and its 200-day moving average price is $1.73.

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.