Eightco Holdings Inc. (NASDAQ:OCTO) Short Interest Update

Eightco Holdings Inc. (NASDAQ:OCTO) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 49,000 shares, a decline of 29.0% from the February 13th total of 69,000 shares. Based on an average daily volume of 507,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.5% of the shares of the company are sold short.

Eightco Stock Up 4.6 %

OCTO stock traded up $0.05 during mid-day trading on Friday, reaching $1.13. The company had a trading volume of 15,025 shares, compared to its average volume of 51,533. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.22 and a current ratio of 0.35. Eightco has a one year low of $1.02 and a one year high of $4.86. The stock’s 50-day simple moving average is $1.58 and its two-hundred day simple moving average is $1.82.

Institutional Investors Weigh In On Eightco

An institutional investor recently bought a new position in Eightco stock. Geode Capital Management LLC bought a new stake in Eightco Holdings Inc. (NASDAQ:OCTO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,828 shares of the company’s stock, valued at approximately $30,000. Geode Capital Management LLC owned about 0.57% of Eightco as of its most recent filing with the Securities & Exchange Commission. 12.85% of the stock is owned by institutional investors.

Eightco Company Profile

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023.