Eshallgo Inc. (NASDAQ:EHGO) Short Interest Down 87.7% in April

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Eshallgo in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Eshallgo Trading Up 1.1%

Eshallgo stock traded up $0.02 during mid-day trading on Tuesday, hitting $1.82. The company had a trading volume of 29,722 shares, compared to its average volume of 18,578. Eshallgo has a 12-month low of $1.52 and a 12-month high of $21.44. The company’s fifty day moving average is $2.86 and its 200-day moving average is $3.88.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP acquired a new stake in Eshallgo Inc. (NASDAQ:EHGO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo comprises approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned about 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.