Yueda Digital Holding (NASDAQ:YDKG) Short Interest Down 40.7% in August

Yueda Digital Holding (NASDAQ:YDKG) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 68,888 shares, a decline of 40.7% from the August 15th total of 116,123 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 15,320 shares, the days-to-cover ratio is presently 4.5 days.

Yueda Digital Stock Down 1.5%

YDKG opened at $0.82 on Wednesday. The stock’s 50 day moving average price is $0.98 and its 200-day moving average price is $0.92. Yueda Digital has a one year low of $0.73 and a one year high of $472.00.

Yueda Digital (NASDAQ:YDKG) last issued its quarterly earnings results on Tuesday, September 1st. The company reported ($5.50) earnings per share (EPS) for the quarter. The company had revenue of $10.78 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Yueda Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About Yueda Digital

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.