Short Interest in Eightco Holdings Inc. (NASDAQ:OCTO) Increases By 16.0%

Eightco Holdings Inc. (NASDAQ:OCTO) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 31,200 shares, an increase of 16.0% from the November 15th total of 26,900 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is presently 0.0 days.

Eightco Stock Performance

OCTO opened at $1.58 on Tuesday. The business’s 50 day moving average is $1.93 and its 200-day moving average is $2.06. 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 twelve month low of $1.26 and a twelve month high of $4.86.

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.