Short Interest in Everbright Digital Holding Limited (NASDAQ:EDHL) Expands By 291.7%

Everbright Digital Holding Limited (NASDAQ:EDHL) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 81,609 shares, a growth of 291.7% from the June 30th total of 20,836 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 552,054 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Everbright Digital

An institutional investor recently bought a new position in Everbright Digital stock. Citadel Advisors LLC acquired a new position in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,828 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.17% of Everbright Digital as of its most recent filing with the Securities and Exchange Commission.

Everbright Digital Price Performance

Shares of Everbright Digital stock traded up $0.57 on Monday, reaching $4.17. The stock had a trading volume of 78,136 shares, compared to its average volume of 1,214,727. The business’s 50-day moving average price is $4.05 and its two-hundred day moving average price is $3.48. Everbright Digital has a fifty-two week low of $2.00 and a fifty-two week high of $25.60.

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

About Everbright Digital

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.