Euro Tech Holdings Company Limited (NASDAQ:CLWT) Sees Significant Growth in Short Interest

Posted by Maddie Sorensen on Dec 15th, 2024

Euro Tech Holdings Company Limited (NASDAQ:CLWT – Get Free Report) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 4,400 shares, a growth of 33.3% from the November 15th total of 3,300 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Euro Tech in a research report on Thursday. They set a “sell” rating on the stock.

Read Our Latest Report on CLWT

Euro Tech Stock Performance

Shares of CLWT traded up $0.03 on Friday, reaching $1.42. 1,947 shares of the stock traded hands, compared to its average volume of 11,361. The stock’s 50-day moving average price is $1.49 and its 200-day moving average price is $1.56. Euro Tech has a 12 month low of $1.28 and a 12 month high of $1.94.

Institutional Investors Weigh In On Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned 4.05% of Euro Tech as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 2.86% of the company’s stock.

Euro Tech Company Profile

(Get Free Report)

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.