Eshallgo Inc. (NASDAQ:EHGO) Short Interest Down 52.6% in December

Eshallgo Inc. (NASDAQ:EHGO) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 15,320 shares, a decrease of 52.6% from the December 15th total of 32,302 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 87,139 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 87,139 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Eshallgo Stock Up 0.6%

NASDAQ:EHGO traded up $0.00 on Friday, reaching $0.24. 10,640 shares of the stock traded hands, compared to its average volume of 58,358. Eshallgo has a 12 month low of $0.20 and a 12 month high of $1.34. The company’s fifty day simple moving average is $0.27 and its 200 day simple moving average is $0.53.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Eshallgo in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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.