Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) Short Interest Down 54.6% in September

Key Points

• Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) experienced a significant decline in short interest, dropping by 54.6% in September, from 509,300 shares to 231,300 shares.
• Recent analyst ratings reflect a bearish outlook, with Wall Street Zen downgrading the stock from "hold" to "sell" and an average rating of "sell" noted across research reports.
• The stock is currently trading at $0.76, with a one-year low of $0.17 and a high of $3.89, indicating considerable volatility in its price performance.

Trident Digital Tech Holdings Ltd (NASDAQ:TDTH - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 231,300 shares, a decline of 54.6% from the September 15th total of 509,300 shares. Based on an average daily volume of 3,590,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 3,590,000 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research analysts have issued reports on TDTH shares. Wall Street Zen downgraded shares of Trident Digital Tech from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of Trident Digital Tech in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Trident Digital Tech Price Performance

Shares of TDTH stock opened at $0.76 on Monday. Trident Digital Tech has a one year low of $0.17 and a one year high of $3.89. The company's 50-day moving average is $0.88 and its 200 day moving average is $0.62.

Trident Digital Tech Company Profile

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.

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