Short Interest in Everbright Digital Holding Limited (NASDAQ:EDHL) Declines By 55.7%

Everbright Digital Holding Limited (NASDAQ:EDHL) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 355,784 shares, a drop of 55.7% from the December 15th total of 803,359 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 740,443 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 740,443 shares, the short-interest ratio is presently 0.5 days. Approximately 1.3% of the shares of the stock are short sold.

Everbright Digital Stock Up 5.3%

NASDAQ EDHL traded up $0.01 during trading hours on Thursday, reaching $0.24. 251,326 shares of the company’s stock were exchanged, compared to its average volume of 838,142. The firm has a fifty day moving average of $0.67 and a 200-day moving average of $1.05. Everbright Digital has a one year low of $0.16 and a one year high of $6.88.

Everbright Digital (NASDAQ:EDHL) last posted its quarterly earnings data on Wednesday, December 31st. The company reported ($0.02) EPS for the quarter. The business had revenue of $0.36 million during the quarter.

Institutional Investors 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 its most recent filing with the Securities & 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 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Everbright Digital in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average 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.