EUDA Health Holdings Limited (NASDAQ:EUDA) Stock Short Interest Falls 59.7%

EUDA Health Holdings Limited (NASDAQ:EUDA) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 641 shares, a decline of 59.7% from the September 15th total of 1,589 shares. Based on an average daily trading volume, of 19,724 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

EUDA Health Price Performance

NASDAQ:EUDA traded up $0.09 during midday trading on Thursday, hitting $15.49. 98,779 shares of the company were exchanged, compared to its average volume of 50,114. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.53 and a quick ratio of 2.53. EUDA Health has a fifty-two week low of $5.26 and a fifty-two week high of $86.00. The company has a fifty day simple moving average of $15.46 and a 200 day simple moving average of $14.24.

EUDA Health (NASDAQ:EUDA) last announced its earnings results on Tuesday, September 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.57). The firm had revenue of $1.73 million for the quarter, compared to analyst estimates of $9.61 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of EUDA Health in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.00.

About EUDA Health

EUDA Health Holdings Limited is a healthcare technology company focused on providing digital and technology-enabled healthcare services. Through its platform and affiliated healthcare operations, the company aims to connect patients with medical professionals and make healthcare services more accessible through digital channels.

Its activities include telehealth and online medical consultations, healthcare information and patient-management services, and related wellness and medical support offerings.