Short Interest in Everbright Digital Holding Limited (NASDAQ:EDHL) Decreases By 34.4%

Everbright Digital Holding Limited (NASDAQ:EDHL) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 7,249 shares, a decline of 34.4% from the April 15th total of 11,051 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 15,842 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Everbright Digital in a research report on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Everbright Digital currently has a consensus rating of “Sell”.

Everbright Digital Price Performance

Everbright Digital stock opened at $2.35 on Tuesday. The stock has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $6.24. Everbright Digital has a fifty-two week low of $2.00 and a fifty-two week high of $110.08.

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

Institutional Trading of Everbright Digital

A hedge fund recently bought a new stake in Everbright Digital stock. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,397 shares of the company’s stock, valued at approximately $46,000. Vanguard Personalized Indexing Management LLC owned 0.25% of Everbright Digital at the end of the most recent reporting period.

Everbright Digital Company Profile

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.