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

Eightco Holdings Inc. (NASDAQ:OCTO) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 559,000 shares, a growth of 2,766.7% from the December 15th total of 19,500 shares. Based on an average trading volume of 522,200 shares, the days-to-cover ratio is presently 1.1 days. Approximately 26.2% of the shares of the stock are short sold.

Eightco Price Performance

Shares of OCTO traded down $0.07 on Monday, hitting $1.62. The company’s stock had a trading volume of 35,458 shares, compared to its average volume of 116,394. The company has a 50 day moving average price of $1.80 and a 200 day moving average price of $1.95. Eightco has a fifty-two week low of $1.26 and a fifty-two week high of $4.86. 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 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.