Short Interest in EUDA Health Holdings Limited (NASDAQ:EUDA) Decreases By 52.4%

EUDA Health Holdings Limited (NASDAQ:EUDA) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,417 shares, a drop of 52.4% from the July 15th total of 5,079 shares. Based on an average daily volume of 5,465 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

EUDA Health Stock Performance

Shares of NASDAQ:EUDA traded up $0.32 on Monday, hitting $14.49. The company’s stock had a trading volume of 951 shares, compared to its average volume of 56,397. The company has a 50-day simple moving average of $14.93 and a 200 day simple moving average of $14.53. EUDA Health has a 1 year low of $5.26 and a 1 year high of $86.00.

Institutional Investors Weigh In On EUDA Health

An institutional investor recently bought a new stake in EUDA Health stock. Jane Street Group LLC acquired a new stake in shares of EUDA Health Holdings Limited (NASDAQ:EUDA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,675 shares of the company’s stock, valued at approximately $59,000. Jane Street Group LLC owned approximately 0.07% of EUDA Health as of its most recent filing with the SEC. 4.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of EUDA Health from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EUDA Health in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.00.

About EUDA Health

EUDA Health, Inc (NASDAQ:EUDA) is a healthcare technology company focused on the development and commercialization of digital health solutions and energy-based medical devices for women’s intimate health. The company’s platform combines non-invasive treatment devices with software-driven patient monitoring and analytics to support pelvic floor function, address stress urinary incontinence and enhance vaginal tissue health.

EUDA Health’s core product offerings utilize low-intensity radiofrequency energy delivered through proprietary handpieces to promote tissue remodeling and muscle activation.