Everbright Digital Holding Limited (NASDAQ:EDHL) Short Interest Update

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of 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.com, the company presently has a consensus rating of “Sell”.

Everbright Digital Trading Down 3.4%

EDHL traded down $0.15 during trading on Friday, hitting $4.23. 8,242 shares of the stock were exchanged, compared to its average volume of 1,358,617. The firm has a 50 day simple moving average of $3.43 and a 200 day simple moving average of $4.10. Everbright Digital has a 1 year low of $2.00 and a 1 year high of $110.08.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Everbright Digital stock. Citadel Advisors LLC bought a new stake in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) during the third quarter, according to the company in its most recent Form 13F 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 as of its most recent filing with the Securities and Exchange Commission.

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.