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

Eightco Holdings Inc. (NASDAQ:OCTOGet Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 395,400 shares, an increase of 1,649.6% from the September 15th total of 22,600 shares. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is presently 0.2 days. Approximately 27.1% of the shares of the company are short sold.

Eightco Price Performance

Eightco stock traded down $0.02 during midday trading on Thursday, reaching $1.87. 76,326 shares of the stock traded hands, compared to its average volume of 603,951. Eightco has a fifty-two week low of $1.26 and a fifty-two week high of $4.86. The company has a current ratio of 0.32, a quick ratio of 0.13 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average price of $1.87 and a two-hundred day moving average price of $2.56.

Eightco (NASDAQ:OCTOGet Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($1.45) earnings per share (EPS) for the quarter. Eightco had a negative return on equity of 439.57% and a negative net margin of 0.39%. The business had revenue of $7.02 million for the quarter.

Eightco Company Profile

(Get Free Report)

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.

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