Euro Tech Holdings Company Limited (NASDAQ:CLWT) Short Interest Down 20.9% in March

Euro Tech Holdings Company Limited (NASDAQ:CLWT) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 3,400 shares, a drop of 20.9% from the February 28th total of 4,300 shares. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Euro Tech in a research report on Wednesday, March 26th. They set a “sell” rating on the stock.

Euro Tech Stock Performance

Shares of NASDAQ:CLWT opened at $1.25 on Monday. The business has a fifty day moving average of $1.28 and a 200-day moving average of $1.42. Euro Tech has a twelve month low of $1.11 and a twelve month high of $1.94.

Euro Tech announced that its board has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Euro Tech

A hedge fund recently bought a new stake 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 the company in its most recent 13F filing with the SEC. The fund acquired 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned about 4.05% of Euro Tech at the end of the most recent reporting period. 2.86% of the stock is currently owned by hedge funds and other institutional investors.

Euro Tech Company Profile

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.