MOGU Inc. Sponsored ADR (NYSE:MOGU – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 7,814 shares, an increase of 586.0% from the September 30th total of 1,139 shares. Based on an average trading volume of 38,261 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
MOGU Trading Up 1.4%
Shares of MOGU stock traded up $0.03 during trading on Tuesday, hitting $1.92. The stock had a trading volume of 6,045 shares, compared to its average volume of 15,269. The business has a fifty day moving average of $1.90 and a two-hundred day moving average of $2.10. MOGU has a fifty-two week low of $1.27 and a fifty-two week high of $3.11.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of MOGU in a report on Tuesday, August 4th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Stock Report on MOGU
About MOGU
MOGU Inc is a China-based fashion and lifestyle platform that connects consumers with merchants, brands and content creators. The company focuses on fashion-oriented e-commerce and social shopping, helping users discover and purchase apparel, accessories, beauty products and other lifestyle merchandise through its online services.
MOGU’s platform combines product listings with user-generated content, influencer recommendations, short videos and livestreaming. Merchants and creators can use these tools to promote products, engage with shoppers and facilitate transactions, while consumers can browse fashion-related content and shop through the company’s digital channels.
The company was founded in China in 2011 and was formerly known as Meili Inc before adopting the MOGU name.
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