Short Interest in ESGL Holdings Limited (NASDAQ:ESGL) Decreases By 23.5%

ESGL Holdings Limited (NASDAQ:ESGL) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 9,042 shares, a decrease of 23.5% from the January 29th total of 11,820 shares. Based on an average daily trading volume, of 2,398 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily trading volume, of 2,398 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Trading of ESGL

A hedge fund recently bought a new stake in ESGL stock. Citadel Advisors LLC purchased a new stake in shares of ESGL Holdings Limited (NASDAQ:ESGL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,623 shares of the company’s stock, valued at approximately $64,000.

ESGL Stock Performance

Shares of ESGL stock traded down $0.14 on Monday, hitting $2.90. 279 shares of the company’s stock traded hands, compared to its average volume of 7,767. ESGL has a 52-week low of $1.16 and a 52-week high of $4.32. The firm’s 50-day moving average is $3.63 and its 200 day moving average is $3.64.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ESGL in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About ESGL

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.