Short Interest in Everbright Digital Holding Limited (NASDAQ:EDHL) Decreases By 61.9%

Everbright Digital Holding Limited (NASDAQ:EDHL) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 17,123 shares, a drop of 61.9% from the July 30th total of 44,998 shares. Based on an average trading volume of 54,006 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Everbright Digital Price Performance

Shares of NASDAQ EDHL traded down $0.02 during mid-day trading on Friday, hitting $3.98. The company had a trading volume of 3,144 shares, compared to its average volume of 1,041,324. Everbright Digital has a 1 year low of $2.00 and a 1 year high of $25.60. The stock’s 50-day moving average price is $4.11 and its 200-day moving average price is $3.48.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Everbright Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Everbright Digital stock. Citadel Advisors LLC purchased a new position in Everbright Digital Holding Limited (NASDAQ:EDHL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

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.