Everbright Digital Holding Limited (NASDAQ:EDHL) Stock Short Interest Declines 87.2%

Everbright Digital Holding Limited (NASDAQ:EDHL) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 8,717 shares, a decrease of 87.2% from the October 15th total of 68,075 shares. Based on an average daily volume of 730,851 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EDHL. Weiss Ratings raised shares of Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded Everbright Digital to a “hold” rating in a report on Saturday, October 17th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Everbright Digital Price Performance

EDHL opened at $6.14 on Wednesday. The company’s 50 day simple moving average is $5.22 and its 200 day simple moving average is $3.92. Everbright Digital has a 1 year low of $2.00 and a 1 year 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.