Everbright Digital Holding Limited (NASDAQ:EDHL) Shares Shorted: Short Interest Down 87.2% in October

Everbright Digital Holding Limited (NASDAQ:EDHL) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 8,717 shares, a decline of 87.2% from the October 15th total of 68,075 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 730,851 shares, the short-interest ratio is currently 0.0 days.

Everbright Digital Stock Performance

Shares of NASDAQ:EDHL traded up $0.43 on Friday, hitting $6.81. The company’s stock had a trading volume of 1,834,397 shares, compared to its average volume of 943,337. The company has a 50-day simple moving average of $5.31 and a 200 day simple moving average of $3.94. Everbright Digital has a 1 year low of $2.00 and a 1 year high of $17.49.

Wall Street Analyst Weigh In

EDHL has been the topic of a number of analyst reports. Weiss Ratings raised shares of Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 13th. Wall Street Zen raised shares of Everbright Digital to a “hold” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently 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. Operating in the digital marketing solutions industry, our comprehensive range of digital marketing solutions to our clients includes, but is not limited to, metaverse stimulation, virtual reality (VR) and augmented reality (AR) design and creation, creative event planning and management, IP character creation and social media marketing.