ESGL Holdings Limited (NASDAQ:ESGL) Sees Large Drop in Short Interest

ESGL Holdings Limited (NASDAQ:ESGL) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 17,926 shares, a decline of 21.0% from the December 15th total of 22,694 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.2% of the shares of the company are short sold.

ESGL Stock Performance

ESGL remained flat at $4.00 on Friday. The company had a trading volume of 27,568 shares, compared to its average volume of 10,196. The firm has a 50 day simple moving average of $3.92 and a 200 day simple moving average of $3.55. ESGL has a 52 week low of $0.90 and a 52 week high of $4.32.

Institutional Trading of ESGL

An institutional investor recently bought a new position in ESGL stock. Citadel Advisors LLC bought a new stake in ESGL Holdings Limited (NASDAQ:ESGL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 16,623 shares of the company’s stock, valued at approximately $64,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ESGL in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

ESGL Company Profile

ESGL Holdings Limited provides waste solutions. It regenerates industrial waste into circular products using technologies and renewable energy. The company was founded in 1999 and is based in Singapore.