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

Eightco Holdings Inc. (NASDAQ:OCTOGet Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 49,000 shares, a decline of 29.0% from the February 13th total of 69,000 shares. Based on an average trading volume of 507,300 shares, the short-interest ratio is currently 0.1 days. Approximately 2.5% of the company’s stock are short sold.

Eightco Price Performance

NASDAQ:OCTO traded down $0.01 during mid-day trading on Monday, hitting $1.12. 7,497 shares of the company’s stock were exchanged, compared to its average volume of 50,650. Eightco has a one year low of $1.02 and a one year high of $4.86. The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average price of $1.58 and a 200 day moving average price of $1.82.

Institutional Investors Weigh In On Eightco

An institutional investor recently bought a new position in Eightco stock. Geode Capital Management LLC bought a new position in Eightco Holdings Inc. (NASDAQ:OCTOFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,828 shares of the company’s stock, valued at approximately $30,000. Geode Capital Management LLC owned about 0.57% of Eightco as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 12.85% of the company’s stock.

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.

Further Reading

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