ETAO International Co., Ltd. (NASDAQ:ETAO) Sees Large Decrease in Short Interest

ETAO International Co., Ltd. (NASDAQ:ETAO) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 5,900 shares, a drop of 95.8% from the February 29th total of 138,900 shares. Based on an average daily volume of 65,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. HRT Financial LP acquired a new stake in shares of ETAO International in the 1st quarter valued at $41,000. Squarepoint Ops LLC bought a new position in shares of ETAO International in the first quarter worth about $114,000. Finally, BlackRock Inc. bought a new stake in shares of ETAO International during the 2nd quarter valued at approximately $85,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

ETAO International Stock Performance

Shares of NASDAQ:ETAO traded down $0.24 during trading on Thursday, reaching $3.76. 19,718 shares of the stock were exchanged, compared to its average volume of 70,072. The company has a current ratio of 2.93, a quick ratio of 2.83 and a debt-to-equity ratio of 0.86. ETAO International has a 12 month low of $2.60 and a 12 month high of $36.00. The stock has a 50-day moving average price of $4.02 and a 200-day moving average price of $5.16.

About ETAO International

ETAO International Co, Ltd., a digital healthcare company, provides medical care services. It develops healthcare ecosystem that consist online telemedicine, artificial intelligence, big data evaluation, online insurance, pharmacy, biotech, offline hospitals, and specialty clinics services. The company was incorporated in 2020 and is based in New York, New York.