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

Eshallgo Inc. (NASDAQ:EHGO) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 9,558 shares, a decrease of 87.7% from the April 15th total of 77,724 shares. Based on an average trading volume of 31,353 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Eshallgo

An institutional investor recently bought a new position in Eshallgo stock. Yorkville Advisors Global LP acquired a new stake in Eshallgo Inc. (NASDAQ:EHGO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 holdings, making the stock its 25th largest holding. Yorkville Advisors Global LP owned about 0.84% of Eshallgo at the end of the most recent quarter.

Eshallgo Price Performance

EHGO traded up $0.03 during trading on Thursday, reaching $1.84. 9,771 shares of the stock were exchanged, compared to its average volume of 18,446. The stock’s 50 day moving average price is $2.77 and its two-hundred day moving average price is $3.73. Eshallgo has a twelve month low of $1.52 and a twelve month high of $21.44.

Eshallgo (NASDAQ:EHGO) last announced its quarterly earnings results on Friday, March 13th. The company reported ($2.08) EPS for the quarter. The business had revenue of $3.90 million for the quarter.

About Eshallgo

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.