Short Interest in Able View Global Inc. (NASDAQ:ABLV) Declines By 14.3%

Able View Global Inc. (NASDAQ:ABLV) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 134,908 shares, a decrease of 14.3% from the December 31st total of 157,421 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 24,372 shares, the days-to-cover ratio is presently 5.5 days. Based on an average daily trading volume, of 24,372 shares, the days-to-cover ratio is presently 5.5 days. Approximately 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Able View Global in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Able View Global Stock Up 4.1%

ABLV stock opened at $0.79 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.44. Able View Global has a 1 year low of $0.59 and a 1 year high of $1.77. The stock’s fifty day moving average price is $0.74 and its 200-day moving average price is $0.85.

About Able View Global

Able View Global Inc operates as brand management partners of beauty and personal care brands in China. Its brand management services encompass various segments of the brand management value chain, including strategy, branding, digital and social marketing, omni-channel sales, customer services, overseas logistics, and warehouse and fulfilment. The company was incorporated in 2021 and is based in Shanghai, China.