Everbright Digital Holding Limited (NASDAQ:EDHL) Sees Significant Increase in Short Interest

Everbright Digital Holding Limited (NASDAQ:EDHL) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 499,500 shares, an increase of 341.6% from the August 31st total of 113,100 shares. Based on an average daily trading volume, of 4,090,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 4,090,000 shares, the days-to-cover ratio is currently 0.1 days.

Everbright Digital Stock Up 8.4%

NASDAQ:EDHL opened at $0.55 on Friday. Everbright Digital has a fifty-two week low of $0.36 and a fifty-two week high of $6.88. The company’s 50 day moving average is $0.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Everbright Digital in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Everbright Digital

We are an integrated marketing solutions provider in Hong Kong that is deeply involved in the metaverse and related technologies, and are committed to providing one-stop digital marketing services to support businesses through every stage of their development. Under the all-in-one service, our revenue is generated by providing tailored marketing solutions that address the specific needs of our clients in the context of the ever-developing nature of new forms of media.