Short Interest in Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) Declines By 41.0%

Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) was the target of a large drop in short interest in the month of 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 short sold. Based on an average daily trading volume, of 17,702 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 17,702 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research firms recently commented on ELWS. Wall Street Zen raised Earlyworks from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Earlyworks in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Earlyworks Stock Performance

NASDAQ ELWS traded down $0.04 during trading on Thursday, reaching $6.03. The company’s stock had a trading volume of 5,701 shares, compared to its average volume of 19,196. The firm has a 50 day moving average price of $5.48 and a 200 day moving average price of $4.01. Earlyworks has a 12 month low of $1.64 and a 12 month high of $10.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.74 and a current ratio of 1.74.

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.