Eshallgo Inc. (NASDAQ:EHGO) Sees Large Increase in Short Interest

Eshallgo Inc. (NASDAQ:EHGOGet Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 77,724 shares, a growth of 239.1% from the March 31st total of 22,919 shares. Based on an average daily trading volume, of 499,325 shares, the days-to-cover ratio is currently 0.2 days. Currently, 3.8% of the shares of the company are sold short.

Eshallgo Stock Performance

Shares of EHGO stock traded down $0.01 during trading on Monday, reaching $2.18. 2,383 shares of the company’s stock traded hands, compared to its average volume of 18,245. The firm’s 50-day moving average is $3.07 and its 200 day moving average is $4.35. Eshallgo has a 1 year low of $2.05 and a 1 year high of $21.44.

Eshallgo (NASDAQ:EHGOGet Free Report) last released its quarterly earnings data on Friday, March 13th. The company reported ($2.08) earnings per share for the quarter. The company had revenue of $3.90 million for the quarter.

Institutional Trading of Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP bought a new position in Eshallgo Inc. (NASDAQ:EHGOFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo accounts for approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned approximately 0.84% of Eshallgo as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eshallgo in a research report on Friday, March 27th. 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”.

Read Our Latest Stock Report on EHGO

About Eshallgo

(Get Free Report)

Eshallgo Inc, through its subsidiaries, engages in the sale and leasing of office equipment and after-sale maintenance and repair services in the People’s Republic of China. The company also sells office furniture, IT products, water dispensers, printing papers, and other products, as well as provides maintenance services with enterprise resource planning systems. It serves private and public sector businesses, as well as large enterprises and institutions. The company was founded in 2015 and is based in Shanghai, China.

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