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

Eightco Holdings Inc. (NASDAQ:OCTO) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 69,000 shares, a decrease of 24.8% from the January 31st total of 91,800 shares. Based on an average daily trading volume, of 503,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Eightco

A hedge fund recently bought a new stake in Eightco stock. Geode Capital Management LLC purchased a new position in shares of Eightco Holdings Inc. (NASDAQ:OCTO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,828 shares of the company’s stock, valued at approximately $30,000. Geode Capital Management LLC owned 0.57% of Eightco at the end of the most recent reporting period. Institutional investors own 12.85% of the company’s stock.

Eightco Trading Down 2.5 %

NASDAQ:OCTO traded down $0.03 during mid-day trading on Tuesday, hitting $1.33. The company had a trading volume of 12,864 shares, compared to its average volume of 49,209. Eightco has a fifty-two week low of $1.25 and a fifty-two week high of $4.86. The business’s fifty day moving average is $1.70 and its two-hundred day moving average is $1.85. The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.74.

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.