Yueda Digital Holding (NASDAQ:YDKG) Shares Shorted: Short Interest Up 64.0% in October

Yueda Digital Holding (NASDAQ:YDKG) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 103,314 shares, an increase of 64.0% from the September 30th total of 62,986 shares. Based on an average daily trading volume, of 10,195 shares, the days-to-cover ratio is currently 10.1 days. Currently, 2.0% of the shares of the company are short sold.

Yueda Digital Stock Down 1.1%

YDKG opened at $0.89 on Tuesday. The business has a 50 day moving average price of $0.91 and a two-hundred day moving average price of $0.92. Yueda Digital has a 52 week low of $0.73 and a 52 week high of $6.55.

Yueda Digital (NASDAQ:YDKG) last announced its earnings results on Tuesday, September 1st. The company reported ($5.50) earnings per share for the quarter. The business had revenue of $10.78 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Yueda Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Yueda Digital presently has an average rating of “Sell”.

Yueda Digital Company Profile

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.