Eshallgo Inc. (NASDAQ:EHGO – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 145,372 shares, an increase of 189.1% from the June 15th total of 50,281 shares. Based on an average trading volume of 27,310,385 shares, the short-interest ratio is currently 0.0 days. Currently, 7.2% of the shares of the company are sold short.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP acquired a new position in Eshallgo Inc. (NASDAQ:EHGO – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo makes up about 0.0% of Yorkville Advisors Global LP’s investment portfolio, 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.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Eshallgo in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
Eshallgo Stock Performance
Shares of NASDAQ EHGO traded up $0.48 during trading on Monday, reaching $2.12. 28,801,849 shares of the company traded hands, compared to its average volume of 2,898,861. The firm’s fifty day simple moving average is $2.03 and its 200 day simple moving average is $2.84. Eshallgo has a 12-month low of $1.12 and a 12-month high of $13.48.
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.
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