Eshallgo Inc. (NASDAQ:EHGO) Short Interest Up 773.6% in January

Eshallgo Inc. (NASDAQ:EHGO) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 60,787 shares, an increase of 773.6% from the January 15th total of 6,958 shares. Based on an average daily volume of 802,841 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 802,841 shares, the short-interest ratio is presently 0.1 days.

Eshallgo Trading Down 6.7%

NASDAQ EHGO traded down $0.01 on Thursday, hitting $0.20. The company’s stock had a trading volume of 134,105 shares, compared to its average volume of 344,286. The company’s 50-day moving average is $0.24 and its 200 day moving average is $0.46. Eshallgo has a 1-year low of $0.18 and a 1-year high of $1.34.

Institutional Investors Weigh In On Eshallgo

An institutional investor recently bought a new position in Eshallgo stock. Yorkville Advisors Global LP acquired a new position in shares of Eshallgo Inc. (NASDAQ:EHGO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo comprises approximately 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned approximately 0.84% of Eshallgo as of its most recent filing with the Securities and Exchange Commission (SEC).

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eshallgo in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.