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

Eightco Holdings Inc. (NASDAQ:OCTO) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 19,500 shares, a decline of 37.5% from the November 30th total of 31,200 shares. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.9% of the company’s shares are sold short.

Eightco Stock Up 2.6 %

Shares of OCTO opened at $1.55 on Friday. The firm has a fifty day moving average price of $1.83 and a 200-day moving average price of $1.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.35 and a quick ratio of 0.22. Eightco has a 12-month low of $1.26 and a 12-month high of $4.86.

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.