Earlyworks Co., Ltd (NASDAQ:ELWS) Sees Large Decline in Short Interest

Earlyworks Co., Ltd (NASDAQ:ELWS) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 40,100 shares, a drop of 91.6% from the August 15th total of 478,800 shares. Based on an average daily trading volume, of 714,000 shares, the days-to-cover ratio is currently 0.1 days.

Earlyworks Trading Up 3.2 %

Shares of ELWS stock traded up $0.07 during trading hours on Friday, hitting $2.23. 12,900 shares of the company’s stock traded hands, compared to its average volume of 422,498. The stock’s 50 day simple moving average is $2.40 and its 200 day simple moving average is $2.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.75 and a quick ratio of 2.75. Earlyworks has a 12 month low of $1.04 and a 12 month high of $13.00.

Earlyworks Company Profile

Earlyworks Co, Ltd operates as a blockchain-based technology company in Japan. The company builds products, deliver services, and develop solutions based on its proprietary Grid Ledger System to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens.