Polar Asset Management Partners Inc. Acquires Shares of 547,945 Eightco Holdings Inc. $OCTO

Polar Asset Management Partners Inc. acquired a new position in shares of Eightco Holdings Inc. (NASDAQ:OCTO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 547,945 shares of the company’s stock, valued at approximately $13,211,000. Polar Asset Management Partners Inc. owned about 0.18% of Eightco as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Eightco in the 3rd quarter valued at about $100,000. NTV Asset Management LLC purchased a new position in Eightco during the 3rd quarter worth approximately $241,000. Gainplan LLC acquired a new position in Eightco during the third quarter worth approximately $242,000. Mairs & Power Inc. acquired a new position in Eightco during the third quarter worth approximately $263,000. Finally, Two Sigma Investments LP purchased a new stake in Eightco in the third quarter valued at approximately $288,000. Institutional investors and hedge funds own 12.85% of the company’s stock.

Eightco Price Performance

OCTO stock opened at $1.10 on Thursday. The company has a market capitalization of $3.35 million, a P/E ratio of -0.36 and a beta of 0.84. Eightco Holdings Inc. has a twelve month low of $0.98 and a twelve month high of $83.12. The business has a 50 day simple moving average of $1.30 and a 200-day simple moving average of $4.82. The company has a current ratio of 0.30, a quick ratio of 0.09 and a debt-to-equity ratio of 1.15.

About Eightco

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.