Eshallgo Inc. (NASDAQ:EHGO) Sees Large Increase in Short Interest

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

Eshallgo Trading Down 4.3%

EHGO stock traded down $0.08 during midday trading on Wednesday, reaching $1.80. 139,159 shares of the company’s stock traded hands, compared to its average volume of 2,867,288. Eshallgo has a fifty-two week low of $1.12 and a fifty-two week high of $13.48. The business has a 50-day moving average price of $2.02 and a two-hundred day moving average price of $2.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Eshallgo in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Eshallgo

An institutional investor recently bought a new position in Eshallgo stock. Yorkville Advisors Global LP bought a new position in Eshallgo Inc. (NASDAQ:EHGO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo accounts for 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 25th largest holding. Yorkville Advisors Global LP owned approximately 0.84% of Eshallgo as of its most recent SEC filing.

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.