Earlyworks Co., Ltd (NASDAQ:ELWS) Sees Large Increase in Short Interest

Earlyworks Co., Ltd (NASDAQ:ELWS) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 249,500 shares, a growth of 176.0% from the February 29th total of 90,400 shares. Based on an average daily trading volume, of 1,580,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Earlyworks stock. Walleye Capital LLC acquired a new stake in Earlyworks Co., Ltd (NASDAQ:ELWS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 164,635 shares of the company’s stock, valued at approximately $103,000. Walleye Capital LLC owned approximately 4.65% of Earlyworks at the end of the most recent quarter. 0.47% of the stock is currently owned by hedge funds and other institutional investors.

Earlyworks Price Performance

Shares of ELWS traded down $0.03 during trading hours on Thursday, reaching $0.71. 327,982 shares of the company traded hands, compared to its average volume of 1,645,466. Earlyworks has a 12-month low of $0.37 and a 12-month high of $4.23. The business has a fifty day moving average price of $0.59 and a 200-day moving average price of $0.61.

About Earlyworks

Earlyworks Co, Ltd operates as a blockchain-based technology company in Japan. The company builds products, deliver services, and develop solutions based on its proprietary Grid Ledger System to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens.