Short Interest in Yueda Digital Holding (NASDAQ:YDKG) Declines By 40.7%

Yueda Digital Holding (NASDAQ:YDKG) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 68,888 shares, a drop of 40.7% from the August 15th total of 116,123 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 15,320 shares, the days-to-cover ratio is presently 4.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Yueda Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Yueda Digital Price Performance

NASDAQ:YDKG traded up $0.02 during midday trading on Friday, hitting $0.85. 1,265 shares of the stock were exchanged, compared to its average volume of 92,193. The business has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $0.92. Yueda Digital has a one year low of $0.73 and a one year high of $472.00.

Yueda Digital (NASDAQ:YDKG) last posted its quarterly earnings results on Tuesday, September 1st. The company reported ($5.50) earnings per share for the quarter. The firm had revenue of $10.78 million for the quarter.

About Yueda Digital

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.