Eshallgo Inc. (NASDAQ:EHGO – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 20,329 shares, a drop of 85.8% from the October 15th total of 143,618 shares. Based on an average daily volume of 61,444 shares, the short-interest ratio is currently 0.3 days. Currently, 5.0% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Several brokerages have weighed in on EHGO. Wall Street Zen cut shares of Eshallgo from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Eshallgo in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Read Our Latest Research Report on EHGO
Eshallgo Stock Performance
Shares of NASDAQ:EHGO opened at $1.60 on Wednesday. The business has a fifty day moving average of $3.52 and a 200-day moving average of $10.10. Eshallgo has a twelve month low of $1.50 and a twelve month high of $33.75.
About Eshallgo
Eshallgo Limited is a China-based provider of office-supply products and related services. The company focuses on helping organizations procure and manage everyday workplace needs through an integrated business-to-business platform. Its offerings include office stationery, consumables, equipment, furniture and other workplace products. Eshallgo also provides related supply-chain services, such as sourcing, warehousing, order fulfillment and distribution, to support corporate and institutional customers.
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