ESGL Holdings Limited (NASDAQ:ESGL) Short Interest Down 37.6% in January

ESGL Holdings Limited (NASDAQ:ESGL) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 11,193 shares, a decline of 37.6% from the December 31st total of 17,926 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 14,388 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 14,388 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On ESGL

A hedge fund recently bought a new stake in ESGL stock. Citadel Advisors LLC purchased a new position in ESGL Holdings Limited (NASDAQ:ESGL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,623 shares of the company’s stock, valued at approximately $64,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ESGL in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

ESGL Stock Performance

Shares of NASDAQ:ESGL traded up $0.08 during mid-day trading on Friday, hitting $3.61. The company had a trading volume of 3,010 shares, compared to its average volume of 11,034. The firm has a fifty day moving average price of $3.93 and a 200 day moving average price of $3.59. ESGL has a one year low of $0.90 and a one year high of $4.32.

About ESGL

ESGL Holdings Limited provides waste solutions. It regenerates industrial waste into circular products using technologies and renewable energy. The company was founded in 1999 and is based in Singapore.