Earlyworks Co., Ltd (NASDAQ:ELWS) Sees Large Increase in Short Interest

Earlyworks Co., Ltd (NASDAQ:ELWS) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 249,500 shares, a growth of 176.0% from the February 29th total of 90,400 shares. Based on an average daily trading volume, of 1,580,000 shares, the short-interest ratio is presently 0.2 days.

Earlyworks Trading Down 3.6 %

NASDAQ ELWS traded down $0.03 during trading hours on Thursday, hitting $0.71. 327,982 shares of the stock were exchanged, compared to its average volume of 1,645,466. Earlyworks has a 12-month low of $0.37 and a 12-month high of $4.23. The stock has a 50-day moving average of $0.59 and a 200 day moving average of $0.61.

Institutional Trading of Earlyworks

An institutional investor recently bought a new position in Earlyworks stock. Walleye Capital LLC acquired a new stake in shares of Earlyworks Co., Ltd (NASDAQ:ELWS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 164,635 shares of the company’s stock, valued at approximately $103,000. Walleye Capital LLC owned about 4.65% of Earlyworks as of its most recent SEC filing. Institutional investors own 0.47% of the company’s stock.

Earlyworks Company Profile

Earlyworks Co, Ltd operates as a blockchain-based technology company in Japan. The company builds products, deliver services, and develop solutions based on its proprietary Grid Ledger System to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens.