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. Approximately 3.5% of the shares of the stock are short sold. Based on an average trading volume of 503,500 shares, the short-interest ratio is presently 0.1 days.

Eightco Stock Performance

NASDAQ:OCTO traded down $0.03 during trading hours on Tuesday, reaching $1.33. The company had a trading volume of 12,864 shares, compared to its average volume of 49,209. The stock has a 50-day moving average of $1.70 and a two-hundred day moving average of $1.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.22 and a current ratio of 0.35. Eightco has a one year low of $1.25 and a one year high of $4.86.

Institutional Trading of Eightco

A hedge fund recently bought a new stake in Eightco stock. Geode Capital Management LLC bought a new position in shares of Eightco Holdings Inc. (NASDAQ:OCTO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 and hedge funds own 12.85% of the company’s stock.

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.