Short Interest in Eightco Holdings Inc. (NASDAQ:OCTO) Grows By 50.7%

Eightco Holdings Inc. (NASDAQ:OCTO) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 22,600 shares, a growth of 50.7% from the August 31st total of 15,000 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 120,500 shares, the days-to-cover ratio is currently 0.2 days.

Eightco Price Performance

OCTO stock opened at $2.73 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.13 and a debt-to-equity ratio of 0.67. Eightco has a 52 week low of $1.26 and a 52 week high of $4.86. The firm has a 50 day moving average of $1.85 and a 200 day moving average of $2.66.

Eightco (NASDAQ:OCTO) last announced its quarterly earnings data 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%.

Eightco Company Profile

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.