MOGU Inc. Sponsored ADR (NYSE:MOGU) Stock Short Interest Report for October

MOGU Inc. Sponsored ADR (NYSE:MOGU) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,814 shares, a growth of 586.0% from the September 30th total of 1,139 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 38,261 shares, the short-interest ratio is currently 0.2 days.

MOGU Stock Up 0.7%

MOGU stock traded up $0.01 during mid-day trading on Thursday, reaching $1.91. 547 shares of the company traded hands, compared to its average volume of 15,141. The firm’s 50 day moving average price is $1.91 and its 200 day moving average price is $2.10. MOGU has a 52-week low of $1.27 and a 52-week high of $3.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of MOGU in a report on Tuesday, August 4th. One 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”.

About MOGU

MOGU Inc is a China-based fashion and lifestyle platform that connects consumers with merchants, brands and content creators. The company focuses on fashion-oriented e-commerce and social shopping, helping users discover and purchase apparel, accessories, beauty products and other lifestyle merchandise through its online services.

MOGU’s platform combines product listings with user-generated content, influencer recommendations, short videos and livestreaming. Merchants and creators can use these tools to promote products, engage with shoppers and facilitate transactions, while consumers can browse fashion-related content and shop through the company’s digital channels.

The company was founded in China in 2011 and was formerly known as Meili Inc before adopting the MOGU name.