Eshallgo Inc. (NASDAQ:EHGO) Short Interest Update

Eshallgo Inc. (NASDAQ:EHGO) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 50,281 shares, a growth of 242.7% from the May 31st total of 14,672 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 168,787 shares, the short-interest ratio is currently 0.3 days.

Eshallgo Trading Down 31.0%

Shares of Eshallgo stock traded down $1.20 on Monday, hitting $2.67. 612,221 shares of the company’s stock were exchanged, compared to its average volume of 2,288,074. The company has a 50-day simple moving average of $2.08 and a 200-day simple moving average of $2.99. Eshallgo has a 1 year low of $1.18 and a 1 year high of $16.16.

Hedge Funds Weigh In On Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP purchased a new stake in shares of Eshallgo Inc. (NASDAQ:EHGO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo accounts for approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th largest position. Yorkville Advisors Global LP owned 0.84% of Eshallgo as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eshallgo in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Eshallgo

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.