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

Everbright Digital Holding Limited (NASDAQ:EDHL) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 7,249 shares, a decline of 34.4% from the April 15th total of 11,051 shares. Based on an average daily volume of 15,842 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Everbright Digital in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Everbright Digital

A hedge fund recently bought a new stake in Everbright Digital stock. Citadel Advisors LLC purchased a new position in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,828 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.17% of Everbright Digital as of its most recent SEC filing.

Everbright Digital Price Performance

Shares of NASDAQ:EDHL traded up $0.14 during trading on Monday, hitting $2.40. 1,175 shares of the stock were exchanged, compared to its average volume of 130,782. The company’s fifty day simple moving average is $2.88 and its 200-day simple moving average is $6.32. Everbright Digital has a 1-year low of $2.00 and a 1-year high of $110.08.

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