Everbright Digital Holding Limited (NASDAQ:EDHL) Shares Shorted: Short Interest Up 588.7% in September

Everbright Digital Holding Limited (NASDAQ:EDHL) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 69,321 shares, an increase of 588.7% from the August 31st total of 10,065 shares. Based on an average trading volume of 761,848 shares, the short-interest ratio is presently 0.1 days. Approximately 1.2% of the company’s shares are short sold.

Everbright Digital Trading Down 8.1%

EDHL stock opened at $5.00 on Friday. Everbright Digital has a 1 year low of $2.00 and a 1 year high of $21.60. The stock has a 50-day simple moving average of $4.21 and a 200-day simple moving average of $3.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Everbright Digital Company Profile

We are an integrated marketing solutions provider in Hong Kong that is deeply involved in the metaverse and related technologies, and are committed to providing one-stop digital marketing services to support businesses through every stage of their development. Under the all-in-one service, our revenue is generated by providing tailored marketing solutions that address the specific needs of our clients in the context of the ever-developing nature of new forms of media. Operating in the digital marketing solutions industry, our comprehensive range of digital marketing solutions to our clients includes, but is not limited to, metaverse stimulation, virtual reality (VR) and augmented reality (AR) design and creation, creative event planning and management, IP character creation and social media marketing.