Short Interest in EUDA Health Holdings Limited (NASDAQ:EUDA) Rises By 87.4%

EUDA Health Holdings Limited (NASDAQ:EUDA) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 152,986 shares, a growth of 87.4% from the February 26th total of 81,625 shares. Based on an average trading volume of 247,280 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On EUDA Health

An institutional investor recently bought a new position in EUDA Health stock. Jane Street Group LLC purchased a new stake in shares of EUDA Health Holdings Limited (NASDAQ:EUDA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,675 shares of the company’s stock, valued at approximately $59,000. Jane Street Group LLC owned 0.07% of EUDA Health as of its most recent SEC filing. 4.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EUDA has been the topic of a number of research analyst reports. Zacks Research lowered EUDA Health from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of EUDA Health in a report on Friday, January 9th. Finally, Greenridge Global lowered their target price on EUDA Health from $120.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 9th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, EUDA Health presently has a consensus rating of “Reduce” and an average target price of $55.00.

EUDA Health Trading Up 7.2%

Shares of EUDA Health stock traded up $0.83 during midday trading on Thursday, reaching $12.30. The company had a trading volume of 30,515 shares, compared to its average volume of 20,446. The stock has a fifty day simple moving average of $19.34 and a 200 day simple moving average of $37.89. EUDA Health has a 1-year low of $6.42 and a 1-year high of $86.00. The company has a market capitalization of $23.24 million, a price-to-earnings ratio of -102.46 and a beta of -0.11.

About EUDA Health

EUDA Health, Inc (NASDAQ:EUDA) is a healthcare technology company focused on the development and commercialization of digital health solutions and energy-based medical devices for women’s intimate health. The company’s platform combines non-invasive treatment devices with software-driven patient monitoring and analytics to support pelvic floor function, address stress urinary incontinence and enhance vaginal tissue health.

EUDA Health’s core product offerings utilize low-intensity radiofrequency energy delivered through proprietary handpieces to promote tissue remodeling and muscle activation.