Everbright Digital Holding Limited (NASDAQ:EDHL) Short Interest Update

Everbright Digital Holding Limited (NASDAQ:EDHL) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 154,892 shares, a growth of 463.2% from the May 31st total of 27,504 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average trading volume of 12,362,600 shares, the short-interest ratio is currently 0.0 days.

Everbright Digital Stock Performance

NASDAQ:EDHL traded down $0.18 on Friday, reaching $4.20. The stock had a trading volume of 11,162 shares, compared to its average volume of 7,095,270. The company has a 50-day moving average of $3.46 and a 200 day moving average of $4.10. Everbright Digital has a 12-month low of $2.00 and a 12-month 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 company had revenue of $0.58 million during the quarter.

Hedge Funds Weigh In On Everbright Digital

An institutional investor recently bought a new position in Everbright Digital stock. Citadel Advisors 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 Form 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Everbright Digital 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.