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

Euro Tech Holdings Company Limited (NASDAQ:CLWT) 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 daily trading volume, of 6,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds 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 position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 approximately 4.05% of Euro Tech at the end of the most recent quarter. 2.86% of the stock is currently owned by institutional investors.

Euro Tech Stock Up 3.6 %

CLWT traded up $0.05 during midday trading on Friday, hitting $1.44. 1,947 shares of the company were exchanged, compared to its average volume of 11,361. The firm’s 50 day moving average price is $1.49 and its 200-day moving average price is $1.56. Euro Tech has a 1-year low of $1.28 and a 1-year high of $1.94.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Euro Tech in a research note on Thursday. They set a “sell” rating for the company.

About Euro Tech

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.