Short Interest in Ohmyhome Limited (NASDAQ:OMH) Drops By 13.5%

Ohmyhome Limited (NASDAQ:OMH) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 170,487 shares, a drop of 13.5% from the January 29th total of 197,203 shares. Approximately 7.1% of the company’s shares are short sold. Based on an average daily trading volume, of 55,161 shares, the days-to-cover ratio is presently 3.1 days. Based on an average daily trading volume, of 55,161 shares, the days-to-cover ratio is presently 3.1 days. Approximately 7.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ohmyhome in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Ohmyhome Stock Down 2.5%

Shares of NASDAQ OMH opened at $1.19 on Friday. Ohmyhome has a 1-year low of $0.59 and a 1-year high of $4.33. The company has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.17.

About Ohmyhome

Ohmyhome (NASDAQ: OMH) is a Singapore-based property technology company offering an integrated online platform for residential real estate transactions. The company’s core business focuses on simplifying the home-buying, selling and renting process through a combination of digital tools and professional agent support. Its platform features end-to-end solutions that guide users from property search and valuation to mortgage facilitation and post-sale services such as renovation and furnishing.

Through its website and mobile application, Ohmyhome connects homeowners, buyers and tenants with a network of licensed agents who provide personalized advisory services.