PMGC Holdings Inc. (NASDAQ:ELAB) Sees Significant Decrease in Short Interest

PMGC Holdings Inc. (NASDAQ:ELAB) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 39,049 shares, a drop of 52.0% from the December 31st total of 81,359 shares. Currently, 7.8% of the shares of the company are short sold. Based on an average trading volume of 1,203,127 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 1,203,127 shares, the short-interest ratio is presently 0.0 days. Currently, 7.8% of the shares of the company are short sold.

PMGC Trading Down 0.6%

Shares of ELAB opened at $3.40 on Thursday. The stock has a market capitalization of $1.70 million, a PE ratio of -0.05 and a beta of 0.67. The firm’s 50 day moving average is $10.45 and its 200-day moving average is $19.88. PMGC has a 12 month low of $3.03 and a 12 month high of $189.14.

PMGC (NASDAQ:ELAB) last posted its quarterly earnings data on Friday, November 14th. The company reported ($19.80) EPS for the quarter. The business had revenue of $0.29 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of PMGC in a research note on Monday, December 29th. Wall Street Zen upgraded PMGC to a “sell” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, PMGC currently has an average rating of “Sell”.

PMGC Company Profile

Elevai Labs, Inc, a skincare development company, designs, manufactures, and markets skincare products. Its products include Empower and Enfinity post-skincare procedure care serums for the face, neck, and upper chest regions. The company was formerly known as Reactive Medical Labs Inc and changed its name to Elevai Labs, Inc in December 2021. Elevai Labs, Inc was incorporated in 2020 and is based in Newport Beach, California.