Everbright Digital Holding Limited (NASDAQ:EDHL) Sees Large Decrease in Short Interest

Everbright Digital Holding Limited (NASDAQ:EDHL) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 355,784 shares, a drop of 55.7% from the December 15th total of 803,359 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 740,443 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 740,443 shares, the short-interest ratio is currently 0.5 days. Approximately 1.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Everbright Digital in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Everbright Digital presently has an average rating of “Sell”.

Everbright Digital Stock Performance

Everbright Digital stock traded up $0.00 during midday trading on Wednesday, reaching $0.26. The company’s stock had a trading volume of 88,958 shares, compared to its average volume of 869,319. Everbright Digital has a 52 week low of $0.16 and a 52 week high of $6.88. The business has a 50-day moving average price of $0.68 and a 200-day moving average price of $1.05.

Everbright Digital (NASDAQ:EDHL) last released its quarterly earnings results on Wednesday, December 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $0.36 million for the quarter.

Institutional Trading of Everbright Digital

A hedge fund recently bought a new stake in Everbright Digital stock. Citadel Advisors LLC purchased a new stake in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 44,828 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.17% of Everbright Digital at the end of the most recent quarter.

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.