Everbright Digital Holding Limited (NASDAQ:EDHL) Short Interest Up 463.2% in June

Everbright Digital Holding Limited (NASDAQ:EDHL) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 154,892 shares, a growth of 463.2% from the May 31st total of 27,504 shares. Based on an average daily trading volume, of 12,362,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 9.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Everbright Digital Stock Down 4.1%

Shares of Everbright Digital stock traded down $0.18 during trading on Friday, hitting $4.20. 11,162 shares of the stock were exchanged, compared to its average volume of 7,095,270. Everbright Digital has a 12 month low of $2.00 and a 12 month high of $110.08. The stock’s fifty day moving average is $3.46 and its 200 day moving average is $4.10.

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

Hedge Funds Weigh In On Everbright Digital

An institutional investor recently bought a new stake in Everbright Digital stock. Citadel Advisors LLC acquired a new position in Everbright Digital Holding Limited (NASDAQ:EDHL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,828 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.17% of Everbright Digital at the end of the most recent reporting period.

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.