Short Interest in Eightco Holdings Inc. (NASDAQ:OCTO) Drops By 37.5%

Eightco Holdings Inc. (NASDAQ:OCTO) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 19,500 shares, a decrease of 37.5% from the November 30th total of 31,200 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is presently 0.0 days.

Eightco Price Performance

NASDAQ:OCTO opened at $1.55 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.35 and a debt-to-equity ratio of 0.74. Eightco has a 1-year low of $1.26 and a 1-year high of $4.86. The company has a 50-day moving average of $1.83 and a 200 day moving average of $1.99.

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.