Short Interest in Eshallgo Inc. (NASDAQ:EHGO) Declines By 20.9%

Eshallgo Inc. (NASDAQ:EHGOGet Free Report) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 15,561 shares, a decline of 20.9% from the February 26th total of 19,673 shares. Based on an average trading volume of 73,081 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Eshallgo in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eshallgo currently has a consensus rating of “Sell”.

Read Our Latest Report on Eshallgo

Eshallgo Stock Performance

NASDAQ:EHGO traded down $0.00 on Tuesday, reaching $0.17. 20,929 shares of the stock traded hands, compared to its average volume of 210,265. Eshallgo has a 1-year low of $0.16 and a 1-year high of $1.34. The company’s 50 day moving average is $0.21 and its 200-day moving average is $0.33.

Eshallgo (NASDAQ:EHGOGet Free Report) last issued its quarterly earnings results on Friday, March 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $3.90 million for the quarter.

Institutional Investors Weigh In On Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP bought a new position in Eshallgo Inc. (NASDAQ:EHGOFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo makes up approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned about 0.84% of Eshallgo at the end of the most recent quarter.

Eshallgo Company Profile

(Get Free Report)

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.

Further Reading

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