Everbright Digital Holding Limited (NASDAQ:EDHL) Short Interest Down 86.5% in June

Everbright Digital Holding Limited (NASDAQ:EDHL) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 20,836 shares, a decline of 86.5% from the June 15th total of 154,892 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,715 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Everbright Digital

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

Everbright Digital Stock Down 5.5%

Shares of NASDAQ:EDHL traded down $0.26 on Friday, hitting $4.43. The company had a trading volume of 43,390 shares, compared to its average volume of 899,300. Everbright Digital has a 52-week low of $2.00 and a 52-week high of $100.64. The business has a 50 day moving average of $3.78 and a 200 day moving average of $3.71.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Everbright Digital from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.