Everbright Digital Holding Limited (NASDAQ:EDHL) Short Interest Up 291.7% in July

Everbright Digital Holding Limited (NASDAQ:EDHL) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 81,609 shares, an increase of 291.7% from the June 30th total of 20,836 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average daily trading volume, of 552,054 shares, the days-to-cover ratio is currently 0.1 days.

Everbright Digital Stock Performance

EDHL traded down $0.08 on Friday, reaching $3.60. 12,469 shares of the company’s stock were exchanged, compared to its average volume of 347,288. Everbright Digital has a twelve month low of $2.00 and a twelve month high of $25.60. The stock’s fifty day moving average price is $4.05 and its 200-day moving average price is $3.50.

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

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 stake in Everbright Digital Holding Limited (NASDAQ:EDHL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Everbright Digital currently has an average rating of “Sell”.

Everbright Digital Company Profile

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.