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

Eightco Holdings Inc. (NASDAQ:OCTO) 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:OCTO) 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

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.