Everbright Digital Holding Limited (NASDAQ:EDHL) Sees Large Drop in Short Interest

Everbright Digital Holding Limited (NASDAQ:EDHL) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 7,249 shares, a drop of 34.4% from the April 15th total of 11,051 shares. Based on an average daily volume of 15,842 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

Everbright Digital Stock Performance

Shares of Everbright Digital stock traded up $0.14 during trading on Monday, reaching $2.40. The company had a trading volume of 1,175 shares, compared to its average volume of 130,782. Everbright Digital has a fifty-two week low of $2.00 and a fifty-two week high of $110.08. The firm’s fifty day moving average is $2.88 and its 200-day moving average is $6.32.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Everbright Digital stock. Citadel Advisors LLC acquired a new position in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm 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 reissued a “sell (d-)” rating on shares of Everbright Digital in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.