Eshallgo Inc. (NASDAQ:EHGO) Short Interest Down 41.9% in February

Eshallgo Inc. (NASDAQ:EHGO) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 19,673 shares, a drop of 41.9% from the February 12th total of 33,876 shares. Based on an average daily volume of 52,317 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 52,317 shares, the days-to-cover ratio is currently 0.4 days.

Eshallgo Stock Down 4.5%

Shares of NASDAQ EHGO traded down $0.01 during trading hours on Friday, reaching $0.19. The stock had a trading volume of 28,418 shares, compared to its average volume of 60,862. Eshallgo has a fifty-two week low of $0.17 and a fifty-two week high of $1.34. The firm has a 50-day moving average of $0.22 and a 200-day moving average of $0.37.

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 Eshallgo Inc. (NASDAQ:EHGO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 portfolio, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned about 0.84% of Eshallgo at the end of the most recent reporting period.

Analyst Ratings Changes

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

Eshallgo Company Profile

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.