PMGC Holdings Inc. (NASDAQ:ELAB) Short Interest Up 109.4% in December

PMGC Holdings Inc. (NASDAQ:ELAB) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 81,359 shares, an increase of 109.4% from the December 15th total of 38,846 shares. Approximately 16.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,267,962 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,267,962 shares, the days-to-cover ratio is currently 0.1 days. Approximately 16.2% of the company’s shares are sold short.

PMGC Trading Down 14.3%

NASDAQ:ELAB opened at $3.18 on Friday. PMGC has a twelve month low of $3.10 and a twelve month high of $398.86. The company has a market cap of $1.60 million, a price-to-earnings ratio of -0.05 and a beta of 0.67. The stock has a fifty day simple moving average of $13.34 and a 200-day simple moving average of $21.55.

PMGC (NASDAQ:ELAB) last posted its quarterly earnings results on Friday, November 14th. The company reported ($19.80) EPS for the quarter. The firm had revenue of $0.29 million for the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of PMGC to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PMGC in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About PMGC

Elevai Labs, Inc, a skincare development company, designs, manufactures, and markets skincare products. Its products include Empower and Enfinity post-skincare procedure care serums for the face, neck, and upper chest regions. The company was formerly known as Reactive Medical Labs Inc and changed its name to Elevai Labs, Inc in December 2021. Elevai Labs, Inc was incorporated in 2020 and is based in Newport Beach, California.