Short Interest in Everbright Digital Holding Limited (NASDAQ:EDHL) Declines By 69.5%

Everbright Digital Holding Limited (NASDAQ:EDHL) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 10,033 shares, a decline of 69.5% from the March 15th total of 32,925 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 50,859 shares, the days-to-cover ratio is currently 0.2 days.

Everbright Digital Trading Down 9.5%

NASDAQ:EDHL opened at $2.39 on Friday. The firm’s 50 day simple moving average is $3.03 and its 200 day simple moving average is $7.92. Everbright Digital has a one year low of $2.19 and a one year high of $110.08.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Everbright Digital in a report on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Everbright Digital

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

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.