Eightco Holdings Inc. (NASDAQ:OCTO) Short Interest Down 90.7% in June

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

Eightco Stock Performance

NASDAQ:OCTO traded up $0.04 during trading hours on Friday, reaching $0.51. The stock had a trading volume of 449,360 shares, compared to its average volume of 217,341. Eightco has a 12-month low of $0.43 and a 12-month high of $1.83. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.13 and a current ratio of 0.29. The stock has a 50 day simple moving average of $0.55 and a 200 day simple moving average of $0.62.

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

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.