Eshallgo Inc. (NASDAQ:EHGO) Short Interest Update

Eshallgo Inc. (NASDAQ:EHGO) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 50,281 shares, an increase of 242.7% from the May 31st total of 14,672 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average trading volume of 168,787 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Eshallgo in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Eshallgo Stock Performance

NASDAQ EHGO opened at $3.87 on Friday. Eshallgo has a fifty-two week low of $1.18 and a fifty-two week high of $16.16. The stock’s 50-day moving average is $2.08 and its two-hundred day moving average is $3.00.

Institutional Investors Weigh In On Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP bought a new position in shares of Eshallgo Inc. (NASDAQ:EHGO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo comprises about 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 25th largest position. Yorkville Advisors Global LP owned 0.84% of Eshallgo at the end of the most recent reporting period.

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.