Eightco Holdings Inc. (NASDAQ:OCTO) Short Interest Update

Eightco Holdings Inc. (NASDAQ:OCTO) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 5,300 shares, a decline of 90.7% from the June 15th total of 56,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 98,600 shares, the short-interest ratio is presently 0.1 days.

Eightco Stock Up 1.5 %

Shares of NASDAQ OCTO traded up $0.01 during trading hours on Thursday, hitting $0.47. 66,479 shares of the company’s stock were exchanged, compared to its average volume of 215,586. Eightco has a 1-year low of $0.43 and a 1-year high of $1.83. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.29 and a quick ratio of 0.13. The company’s 50-day moving average price is $0.55 and its 200-day moving average price is $0.62.

Eightco (NASDAQ:OCTO) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.61) earnings per share for the quarter. Eightco had a negative return on equity of 916.25% and a negative net margin of 19.59%. The business had revenue of $9.62 million for the quarter.

About Eightco

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.