Eshallgo Inc. (NASDAQ:EHGO) Short Interest Update

Eshallgo Inc. (NASDAQ:EHGO) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 145,372 shares, an increase of 189.1% from the June 15th total of 50,281 shares. Based on an average daily volume of 27,310,385 shares, the short-interest ratio is presently 0.0 days. Currently, 7.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Eshallgo in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Eshallgo Stock Performance

Shares of NASDAQ EHGO traded down $0.25 during midday trading on Tuesday, hitting $1.87. The company’s stock had a trading volume of 1,048,825 shares, compared to its average volume of 2,887,251. The stock has a fifty day moving average price of $2.02 and a 200 day moving average price of $2.82. Eshallgo has a one year low of $1.12 and a one year high of $13.48.

Institutional Investors Weigh In On Eshallgo

An institutional investor recently bought a new position in Eshallgo stock. Yorkville Advisors Global LP bought a new position in shares of Eshallgo Inc. (NASDAQ:EHGO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 0.84% of Eshallgo at the end of the most recent reporting period.

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.