MGO Global, Inc. (NASDAQ:MGOL) Sees Large Drop in Short Interest

MGO Global, Inc. (NASDAQ:MGOL) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 33,800 shares, a decrease of 58.9% from the October 31st total of 82,200 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 93,300 shares, the short-interest ratio is currently 0.4 days.

MGO Global Price Performance

Shares of MGO Global stock traded up $0.05 during trading on Thursday, hitting $2.37. 9,241 shares of the company’s stock traded hands, compared to its average volume of 1,038,808. MGO Global has a 1 year low of $1.91 and a 1 year high of $18.30. The business has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $3.78. The stock has a market capitalization of $6.87 million, a P/E ratio of -0.52 and a beta of 7.34.

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.