DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) Sees Significant Decline in Short Interest

by · The Markets Daily

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 77,983 shares, a decrease of 59.7% from the June 30th total of 193,700 shares. Based on an average trading volume of 42,618 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut DirectBooking Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DirectBooking Technology presently has an average rating of “Sell”.

View Our Latest Analysis on ZDAI

DirectBooking Technology Price Performance

Shares of NASDAQ:ZDAI opened at $1.72 on Tuesday. DirectBooking Technology has a 52 week low of $1.30 and a 52 week high of $14.22. The company’s 50 day moving average is $2.24 and its two-hundred day moving average is $3.90.

About DirectBooking Technology

(Get Free Report)

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.

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