Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) Short Interest Update

Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 6,246 shares, a drop of 41.0% from the December 15th total of 10,592 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,702 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 17,702 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ELWS shares. Wall Street Zen upgraded Earlyworks from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Earlyworks in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Earlyworks Trading Up 8.8%

Earlyworks stock traded up $0.57 during midday trading on Friday, reaching $7.06. The stock had a trading volume of 134,624 shares, compared to its average volume of 44,709. Earlyworks has a twelve month low of $1.64 and a twelve month high of $10.50. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $5.53 and its two-hundred day simple moving average is $4.02.

About Earlyworks

Earlyworks Co, Ltd operates as a blockchain-based technology company in Japan. The company builds products, deliver services, and develop solutions based on its proprietary Grid Ledger System to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens. It also provides software and system development services; consulting and solution services; blockchain system solution planning; and proposal, design, and development planning services.