Short Interest in Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) Increases By 40.1%

Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 10,592 shares, a growth of 40.1% from the November 30th total of 7,559 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 11,953 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 11,953 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

Earlyworks Stock Performance

Shares of ELWS stock opened at $4.96 on Tuesday. Earlyworks has a 12 month low of $1.64 and a 12 month high of $10.50. The company’s fifty day simple moving average is $5.03 and its 200-day simple moving average is $3.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.74 and a quick ratio of 1.74.

Analysts Set New Price Targets

Several research firms recently commented on ELWS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Earlyworks in a research report on Monday, December 22nd. Wall Street Zen raised Earlyworks from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Earlyworks currently has a consensus rating of “Sell”.

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.