CDT Equity Plunges 78% as Short Sellers Circle

CDT shares fell 21% this week to $2.75, capping a brutal 78% one-month collapse. Short interest spiked 58% week-over-week to 8.1% of float. Cost to borrow sits at 430%, near the highest levels of the past month. A 2-million-share insider acquisition stands as the lone bullish signal amid mounting pressure.

Price action & positioning

CDT closed at $2.75 on April 24, down 21% over the past week. The one-month decline stands at 78%. The stock lost 7.1% on its most recent trading day. Trading volume and volatility surged as the share price cratered from above $12 in late March.

Short interest & lending

Short interest reached 131,679 shares as of April 23, representing 8.1% of the free float. That figure jumped 58% from the prior week. The metric swung sharply throughout April — falling to as low as 5,249 shares on March 27, then climbing back above 140,000 shares by mid-April.

Cost to borrow stands at 430% APR. The metric rose 5% over the past week. It has climbed 776% in the past month, accelerating from 49% in late March to today's elevated level. The 30-day high of 461% was recorded on April 14.

Utilisation sits at 37%, down from 78% the prior day. The metric has fluctuated wildly between 18% and 88% this month. The 52-week high reached 100%.

Institutional positioning

Taylor Mark reported a massive new position of 2.06 million shares on March 17, representing 42.5% of the company. Mark Taylor added 3,212 shares, bringing his stake to 0.07%. Ascent Partners Fund initiated an 8,161-share position worth 0.17% of shares outstanding.

Corvus Capital added 8,992 shares, raising its stake to 9,093 shares (0.19%). Geode Capital Management increased its position by 873 shares to 977 shares total. Chele Farley added 499 shares, lifting her holding to 686 shares. Virtu Financial initiated a 625-share position.

Insider activity

CEO and founder Andrew Regan acquired 154,799 shares on June 3, 2025, at $3.23 per share. The transaction totaled $500,001. That represents the entire 90-day net insider activity — a buy worth half a million dollars. The trade carries a significance score of 1 on ORTEX's 1–10 scale.

Earlier insider activity tells a different story. NIRLAND LTD, a 10% owner, sold 6.4 million shares between September and October 2024 at prices between $0.10 and $0.13. Corvus Capital sold 12.8 million shares in July 2024 at $0.26 to $0.32 per share.

Historical context

CDT announced earnings on April 15 at 9:02 PM ET. Prior announcements occurred on April 2, March 17, and November 21, 2025. The snapshot does not include post-earnings price reaction data for these events.

What to watch

No upcoming earnings date is listed in the snapshot. The stock's extreme volatility, elevated short interest, and stratospheric borrowing costs suggest continued turbulence. The Taylor Mark position — representing over 42% of shares — will draw attention if any changes are filed. Days to cover stands at 1.0 based on the most recent official FINRA data from April 15.