Everbright Digital Holding Limited (NASDAQ:EDHL) Stock Short Interest Report for October

Everbright Digital Holding Limited (NASDAQ:EDHL) was the target of a large decline in short interest in the month of 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 730,851 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EDHL. Weiss Ratings upgraded shares of Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded shares of Everbright Digital to a “hold” rating in a research report on Saturday, October 17th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Everbright Digital presently has a consensus rating of “Sell”.

Everbright Digital Stock Performance

NASDAQ:EDHL traded down $0.01 during mid-day trading on Thursday, hitting $6.38. 2,547,126 shares of the stock were exchanged, compared to its average volume of 939,232. The firm’s 50-day simple moving average is $5.26 and its 200 day simple moving average is $3.93. Everbright Digital has a fifty-two week low of $2.00 and a fifty-two week high of $17.49.

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.