MGO Global, Inc. (NASDAQ:MGOL) Short Interest Down 18.9% in July

MGO Global, Inc. (NASDAQ:MGOL) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 43,200 shares, a decrease of 18.9% from the June 30th total of 53,300 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 6.9% of the company’s stock are sold short.

MGO Global Stock Performance

MGOL stock traded down $0.09 during mid-day trading on Friday, reaching $3.23. The company had a trading volume of 159,999 shares, compared to its average volume of 167,393. The firm has a fifty day simple moving average of $5.37 and a 200 day simple moving average of $4.22. The company has a market capitalization of $6.46 million, a price-to-earnings ratio of -6.09 and a beta of 7.24. MGO Global has a fifty-two week low of $1.91 and a fifty-two week high of $23.00.

MGO Global (NASDAQ:MGOL) last released its earnings results on Monday, May 20th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.67 million for the quarter. MGO Global had a negative return on equity of 420.67% and a negative net margin of 107.95%.

MGO Global Company Profile

MGO Global, Inc operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.