PMGC Holdings Inc. (NASDAQ:ELAB) Short Interest Update

PMGC Holdings Inc. (NASDAQ:ELAB – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 440,372 shares, a decline of 45.6% from the July 15th total of 809,201 shares. Based on an average trading volume of 847,193 shares, the short-interest ratio is currently 0.5 days. Approximately 38.0% of the shares of the stock are short sold.

PMGC Price Performance

PMGC stock traded down $0.04 during mid-day trading on Tuesday, hitting $0.83. 192,929 shares of the company were exchanged, compared to its average volume of 4,173,128. The company has a market capitalization of $962,800.00, a PE ratio of -0.00 and a beta of -0.25. The business has a fifty day moving average of $1.12 and a 200 day moving average of $3.78. PMGC has a 1-year low of $0.82 and a 1-year high of $309.12. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.03.

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PMGC (NASDAQ:ELAB – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.61) EPS for the quarter. PMGC had a negative net margin of 522.92% and a negative return on equity of 140.68%. The firm had revenue of $1.31 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PMGC in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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About PMGC

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Elevai Labs, Inc, a skincare development company, designs, manufactures, and markets skincare products. Its products include Empower and Enfinity post-skincare procedure care serums for the face, neck, and upper chest regions. The company was formerly known as Reactive Medical Labs Inc and changed its name to Elevai Labs, Inc in December 2021. Elevai Labs, Inc was incorporated in 2020 and is based in Newport Beach, California.

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