Eshallgo Inc. (NASDAQ:EHGO) Sees Significant Decline in Short Interest

Eshallgo Inc. (NASDAQ:EHGO) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 6,958 shares, a drop of 54.6% from the December 31st total of 15,320 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 31,424 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 31,424 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eshallgo in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Eshallgo Trading Down 0.6%

Shares of NASDAQ:EHGO traded down $0.00 on Friday, hitting $0.24. 58,863 shares of the company were exchanged, compared to its average volume of 448,588. Eshallgo has a 1-year low of $0.20 and a 1-year high of $1.34. The stock’s 50 day moving average price is $0.26 and its 200 day moving average price is $0.49.

Eshallgo Company Profile

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.