Eightco Holdings Inc. (NASDAQ:OCTO) Sees Significant Increase in Short Interest

Eightco Holdings Inc. (NASDAQ:OCTO) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 559,000 shares, an increase of 2,766.7% from the December 31st total of 19,500 shares. Approximately 26.2% of the shares of the company are short sold. Based on an average daily volume of 522,200 shares, the days-to-cover ratio is presently 1.1 days.

Eightco Stock Performance

Shares of OCTO stock traded down $0.05 during trading hours on Tuesday, hitting $1.55. The company’s stock had a trading volume of 27,986 shares, compared to its average volume of 65,411. The company has a quick ratio of 0.22, a current ratio of 0.35 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $1.74 and a 200 day moving average of $1.90. Eightco has a 12-month low of $1.26 and a 12-month high of $4.86.

Eightco Company Profile

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023.