Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) Short Interest Update

Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 6,246 shares, a decline of 41.0% from the December 15th total of 10,592 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 17,702 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 17,702 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

ELWS has been the subject of several research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Earlyworks in a research report on Monday, December 29th. Wall Street Zen upgraded Earlyworks from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Earlyworks Stock Performance

Shares of NASDAQ:ELWS traded up $0.57 during trading on Friday, hitting $7.06. 134,624 shares of the company traded hands, compared to its average volume of 44,709. Earlyworks has a one year low of $1.64 and a one year high of $10.50. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $5.59 and its 200-day moving average is $4.06.

About Earlyworks

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. It also provides software and system development services; consulting and solution services; blockchain system solution planning; and proposal, design, and development planning services.