Eightco Holdings Inc. (NASDAQ:OCTO) Sees Large Decrease in Short Interest

by · The Markets Daily

Eightco Holdings Inc. (NASDAQ:OCTO – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 44,700 shares, a decline of 88.7% from the September 30th total of 395,400 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is currently 0.0 days.

Eightco Trading Down 4.4 %

NASDAQ OCTO traded down $0.09 during trading on Friday, hitting $1.94. 37,596 shares of the company’s stock traded hands, compared to its average volume of 576,148. The stock has a fifty day moving average of $2.05 and a two-hundred day moving average of $2.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.13 and a current ratio of 0.32. Eightco has a 12-month low of $1.26 and a 12-month high of $4.86.

Eightco (NASDAQ:OCTO – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($1.45) earnings per share for the quarter. The company had revenue of $7.02 million for the quarter. Eightco had a negative net margin of 0.39% and a negative return on equity of 439.57%.

About Eightco

(Get Free Report)

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023.

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