Eshallgo Inc. (NASDAQ:EHGO) Short Interest Down 52.0% in December

Eshallgo Inc. (NASDAQ:EHGO) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 32,302 shares, a decrease of 52.0% from the November 30th total of 67,243 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 47,339 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 47,339 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eshallgo in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Eshallgo currently has a consensus rating of “Sell”.

Eshallgo Stock Down 0.0%

Shares of NASDAQ EHGO traded down $0.00 during trading on Friday, hitting $0.22. 67,935 shares of the company were exchanged, compared to its average volume of 65,542. The company has a fifty day moving average price of $0.34 and a 200-day moving average price of $0.60. Eshallgo has a 12-month low of $0.21 and a 12-month high of $4.00.

Eshallgo Company Profile

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.