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

PMGC Holdings Inc. (NASDAQ:ELAB – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 331,075 shares, a decrease of 44.9% from the June 15th total of 601,191 shares. Approximately 28.6% of the shares of the stock are sold short. Based on an average daily volume of 387,077 shares, the short-interest ratio is currently 0.9 days.

PMGC Stock Performance

ELAB stock opened at $1.12 on Wednesday. PMGC has a twelve month low of $1.02 and a twelve month 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. The company has a market cap of $1.30 million, a P/E ratio of -0.01 and a beta of -0.23. The business’s fifty day moving average is $1.54 and its 200-day moving average is $8.43.

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PMGC (NASDAQ:ELAB – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($11.22) EPS for the quarter. The company had revenue of $0.68 million during the quarter.

Analyst Upgrades and Downgrades

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