Short Interest in Everbright Digital Holding Limited (NASDAQ:EDHL) Declines By 86.5%

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

Institutional Investors Weigh In On Everbright Digital

An institutional investor recently bought a new stake in Everbright Digital stock. Citadel Advisors LLC acquired a new stake in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Everbright Digital from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Everbright Digital Stock Performance

Everbright Digital stock traded down $0.46 during mid-day trading on Monday, reaching $3.97. The company’s stock had a trading volume of 21,636 shares, compared to its average volume of 330,594. Everbright Digital has a twelve month low of $2.00 and a twelve month high of $25.60. The business has a 50 day moving average price of $3.81 and a 200-day moving average price of $3.66.

Everbright Digital (NASDAQ:EDHL) last released its quarterly earnings data 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.

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.