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

Everbright Digital Holding Limited (NASDAQ:EDHL) was the target of a significant 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 shares of the company are sold short. Based on an average trading volume of 52,715 shares, the days-to-cover ratio is presently 0.4 days.

Everbright Digital Price Performance

Shares of NASDAQ:EDHL traded down $0.46 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 52-week low of $2.00 and a 52-week high of $25.60. The stock’s 50-day moving average is $3.81 and its two-hundred day moving average is $3.66.

Everbright Digital (NASDAQ:EDHL) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.44) earnings per share (EPS) for the quarter. The company had revenue of $0.58 million during the quarter.

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 report on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Everbright Digital

A hedge fund recently bought a new position in Everbright Digital stock. Citadel Advisors LLC purchased a new stake in Everbright Digital Holding Limited (NASDAQ:EDHL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 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.

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.