Short Interest in Eightco Holdings Inc. (NASDAQ:OCTO) Declines By 85.3%

Eightco Holdings Inc. (NASDAQ:OCTO) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 14,600 shares, a decrease of 85.3% from the July 31st total of 99,500 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 56,400 shares, the days-to-cover ratio is currently 0.3 days.

Eightco Stock Performance

Eightco stock traded down $0.04 during mid-day trading on Tuesday, hitting $1.90. 12,625 shares of the company’s stock were exchanged, compared to its average volume of 52,486. Eightco has a 1-year low of $1.26 and a 1-year high of $4.75. The stock has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.65. The company has a current ratio of 0.32, a quick ratio of 0.13 and a debt-to-equity ratio of 0.67.

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.