Short Interest in Everbright Digital Holding Limited (NASDAQ:EDHL) Expands By 463.2%

Everbright Digital Holding Limited (NASDAQ:EDHL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 154,892 shares, an increase of 463.2% from the May 31st total of 27,504 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 12,362,600 shares, the days-to-cover ratio is presently 0.0 days.

Everbright Digital Price Performance

EDHL traded down $0.15 on Friday, hitting $4.23. The company had a trading volume of 8,242 shares, compared to its average volume of 1,358,617. The stock has a fifty day moving average price of $3.43 and a 200-day moving average price of $4.10. Everbright Digital has a 12-month low of $2.00 and a 12-month high of $110.08.

Everbright Digital (NASDAQ:EDHL) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.44) EPS for the quarter. The business had revenue of $0.58 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Everbright Digital

An institutional investor recently bought a new stake in Everbright Digital stock. Citadel Advisors LLC bought a new stake in Everbright Digital Holding Limited (NASDAQ:EDHL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,828 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.17% of Everbright Digital as of its most recent SEC filing.

Everbright Digital Company Profile

Everbright Digital Holdings Co, Ltd. is a Cayman Islands holding company that, through its subsidiaries, delivers digital operation services and interactive solutions to cultural tourism, sports and small and medium-sized enterprises in the People’s Republic of China. The company specializes in digital marketing, content distribution and technology-driven platforms designed to enhance customer engagement and streamline operational workflows. Its portfolio includes digital interactive applications, intelligent library systems and tools for digital event management.

Since its founding in 2018, Everbright Digital has partnered with government agencies, cultural venues and commercial enterprises across more than 20 provinces.