Earlyworks Co., Ltd (NASDAQ:ELWS) Short Interest Down 22.3% in February

Earlyworks Co., Ltd (NASDAQ:ELWS) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 15,300 shares, a decline of 22.3% from the February 13th total of 19,700 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 32,600 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Earlyworks

A hedge fund recently bought a new stake in Earlyworks stock. Virtu Financial LLC purchased a new stake in Earlyworks Co., Ltd (NASDAQ:ELWS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,134 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned 0.37% of Earlyworks at the end of the most recent reporting period. 0.47% of the stock is owned by hedge funds and other institutional investors.

Earlyworks Trading Up 0.8 %

ELWS stock traded up $0.02 on Tuesday, reaching $2.00. 3,590 shares of the company were exchanged, compared to its average volume of 306,579. Earlyworks has a 12 month low of $1.04 and a 12 month high of $8.68. The stock’s fifty day moving average price is $2.69 and its 200 day moving average price is $2.69.

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.