CCSC Technology International Holdings Limited rallied 11% Friday and added 8% on the week as short interest collapsed 22% over five sessions. Cost to borrow fell 17% week-over-week to 9.4% while utilisation dropped to 28% — well below the 52-week high of 99%.
CCTG closed at $0.624 on April 24, up 10.7% on the day. The stock gained 7.8% over the past week and 22.9% over the trailing month. The electronic components manufacturer has rallied sharply from recent lows, though market cap data remains unavailable.
Short interest stands at 66,815 shares as of April 23, representing 0.36% of the float. That marks a 22% decline from a week earlier when the short position stood above 82,000 shares. The one-day drop from April 22 to April 23 was modest at 2%, but the broader retreat over five sessions is pronounced. Official FINRA data from the April 15 settlement showed 85,796 shares short with 1.23 days to cover.
Short interest peaked in mid-April near 90,000 shares before the recent unwinding. The current reading is the lowest since late March when the position briefly dipped to 60,000 shares on April 1. The 30-day net change remains positive at 5%, indicating short sellers were adding until the recent pullback.
Cost to borrow dropped to 9.41% on April 23 from 11.31% on April 15, a 17% decline over the week. The 30-day drop is steeper at 40%, falling from above 15% in late March. CTB peaked at 15.8% on March 20 and has since eased as the stock rallied and short interest unwound. The current level is the lowest in the available 30-day window.
Utilisation sits at 27.82% as of April 23, down from 42.96% on April 17. The metric briefly touched 48% on April 16 before retreating. Utilisation reached a 52-week high of 99% at some point in the past year, indicating the stock was extremely hard to borrow at its peak. The current reading suggests ample availability for new shorts.
Enterprise value is negative at -$1.8 million as of the December 2026 fiscal year-end, suggesting net cash exceeds the company's market valuation. No change data is available for the trailing 30 days.
CCTG scores in the 81st percentile for sector positioning, indicating strong relative performance within the electronic components industry. The stock ranks in the 66th percentile for days to cover and the 33rd percentile for utilisation — middling on both metrics. Short score rank sits at the 28th percentile, suggesting less extreme short interest relative to the broader market. Dividend score is low at the 22nd percentile.
CCSC Investment Limited holds 840,600 shares, representing 21.5% of the company. The stake increased by 500,000 shares as of the March 18 filing — a substantial boost by the largest holder. Lu-ming Peng holds 56,600 shares, or 1.4%, unchanged from the prior period.
Renaissance Technologies initiated a 15,901-share position in the fourth quarter, now representing 0.41% of shares. Ground Swell Capital added 11,128 shares in the first quarter, while Acadian Asset Management initiated a 4,231-share position. Two Sigma and Virtu Financial also established small positions in the fourth quarter. FMR trimmed its stake by 18 shares to 605 shares as of late February.
CCTG next reports earnings on July 17, 2026. The company last reported on April 7, with prior events in late December 2025 and mid-December 2025. No price reaction data is available for historical earnings.
The recent short covering wave coincides with the price rally, raising the question of whether the move is self-reinforcing. Utilisation remains well below the 52-week high, leaving room for renewed short activity if fundamentals deteriorate. The large position increase by CCSC Investment in mid-March may have provided support for the stock during the short squeeze.
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