Short Interest in Akso Health Group Sponsored ADR (NASDAQ:AHG) Declines By 39.5%

Akso Health Group Sponsored ADR (NASDAQ:AHGGet Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 23,197 shares, a drop of 39.5% from the July 15th total of 38,320 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 7,554 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AHG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Akso Health Group in a research note on Friday, July 17th. Wall Street Zen raised Akso Health Group to a “sell” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

View Our Latest Research Report on AHG

Institutional Trading of Akso Health Group

A hedge fund recently bought a new stake in Akso Health Group stock. SmartHarvest Portfolios LLC purchased a new stake in Akso Health Group Sponsored ADR (NASDAQ:AHGFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,748 shares of the company’s stock, valued at approximately $27,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Akso Health Group Stock Down 14.0%

Shares of NASDAQ AHG opened at $1.04 on Wednesday. The firm’s 50 day simple moving average is $1.42 and its 200-day simple moving average is $1.69. Akso Health Group has a 12 month low of $1.03 and a 12 month high of $2.50.

Akso Health Group (NASDAQ:AHGGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $3.42 million for the quarter.

Akso Health Group Company Profile

(Get Free Report)

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. It also offers consultancy and information technology support services; provides health treatment services; sells medical devices; and trades in branded products, as well as promotes products. The company was formerly known as Xiaobai Maimai Inc and changed its name to Akso Health Group in December 2021.

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