Short Interest in ESGL Holdings Limited (NASDAQ:ESGL) Declines By 21.0%

ESGL Holdings Limited (NASDAQ:ESGL) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 17,926 shares, a decrease of 21.0% from the December 15th total of 22,694 shares. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is presently 2.7 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On ESGL

A hedge fund recently bought a new stake in ESGL stock. Citadel Advisors LLC acquired a new stake in ESGL Holdings Limited (NASDAQ:ESGL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,623 shares of the company’s stock, valued at approximately $64,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ESGL in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

ESGL Price Performance

Shares of NASDAQ:ESGL remained flat at $4.00 during mid-day trading on Monday. 27,568 shares of the company were exchanged, compared to its average volume of 10,196. The stock has a fifty day moving average of $3.92 and a 200 day moving average of $3.55. ESGL has a 1-year low of $0.90 and a 1-year high of $4.32.

ESGL Company Profile

ESGL Holdings Limited provides waste solutions. It regenerates industrial waste into circular products using technologies and renewable energy. The company was founded in 1999 and is based in Singapore.