EUDA Health Holdings Limited (NASDAQ:EUDA) Shares Shorted: Short Interest Up 152.1% in October

EUDA Health Holdings Limited (NASDAQ:EUDA) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,616 shares, a growth of 152.1% from the September 30th total of 641 shares. Based on an average daily volume of 30,921 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

EUDA Health Stock Performance

Shares of EUDA Health stock traded up $2.20 during trading hours on Friday, reaching $17.70. The company had a trading volume of 35,612 shares, compared to its average volume of 47,723. The business has a fifty day simple moving average of $15.56 and a 200 day simple moving average of $15.68. EUDA Health has a one year low of $5.26 and a one year high of $71.20. 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 (NASDAQ:EUDA) last issued its quarterly earnings results on Tuesday, September 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.57). The business had revenue of $1.73 million during the quarter, compared to analysts’ expectations of $9.61 million.

Analysts Set New Price Targets

EUDA has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of EUDA Health to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of EUDA Health in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.00.

EUDA Health Company Profile

EUDA Health Limited (NASDAQ: EUDA) is a digital health company focused on improving access to healthcare through technology-enabled services. The company’s activities center on virtual care and healthcare platforms designed to connect patients with providers and support the delivery of convenient, digitally enabled medical services.

EUDA Health’s offerings include telehealth and other digital healthcare solutions, with an emphasis on behavioral and mental health services. Its platforms are intended to help patients access care remotely while supporting healthcare professionals with tools for communicating with and managing patients.

The company serves users primarily through digital channels and has focused its commercial activities on the U.S.