Eshallgo Inc. (NASDAQ:EHGO – Get Free Report) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 83,060 shares, a decline of 52.9% from the July 30th total of 176,188 shares. Based on an average trading volume of 120,976 shares, the short-interest ratio is currently 0.7 days. Approximately 4.1% of the company’s stock are sold short.
Institutional Trading of Eshallgo
A hedge fund recently bought a new position in Eshallgo stock. Yorkville Advisors Global LP acquired a new stake in shares of Eshallgo Inc. (NASDAQ:EHGO – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo comprises 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned 0.84% of Eshallgo at the end of the most recent reporting period.
Eshallgo Stock Down 5.1%
Shares of EHGO traded down $0.06 during mid-day trading on Friday, hitting $1.12. 201,286 shares of the company traded hands, compared to its average volume of 3,202,178. The stock has a 50-day moving average price of $2.07 and a two-hundred day moving average price of $2.38. Eshallgo has a 1 year low of $1.07 and a 1 year high of $12.04.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Wall Street Zen raised Eshallgo from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eshallgo in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Stock Analysis on EHGO
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.
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