Eshallgo Inc. (NASDAQ:EHGO) Stock Short Interest Jumps 150.0%

Eshallgo Inc. (NASDAQ:EHGO) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 190,413 shares, an increase of 150.0% from the August 31st total of 76,161 shares. Based on an average trading volume of 776,741 shares, the short-interest ratio is presently 0.2 days. Approximately 9.4% of the company’s shares are sold short.

Eshallgo Stock Down 0.6%

Shares of NASDAQ EHGO traded down $0.01 during mid-day trading on Friday, reaching $0.88. 96,080 shares of the company’s stock traded hands, compared to its average volume of 482,936. The business has a 50-day simple moving average of $1.47 and a 200 day simple moving average of $2.07. Eshallgo has a 1-year low of $0.86 and a 1-year high of $11.20.

Eshallgo (NASDAQ:EHGO) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.65) EPS for the quarter. The firm had revenue of $4.26 million during the quarter.

Institutional Investors Weigh In On Eshallgo

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Eshallgo from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Eshallgo in a report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About Eshallgo

Eshallgo Inc is a China-based company that provides office procurement products and related services. Its business is focused on helping corporate customers obtain office supplies, equipment, consumables and other workplace products through an integrated procurement platform.

The company’s offerings are intended to support routine office operations, including the sourcing and delivery of commonly used business supplies and equipment. Eshallgo primarily serves customers in China, although publicly available information about its geographic reach and operating segments is limited.

Detailed information about Eshallgo’s history, management team and broader business operations is not widely available from reliable public sources.