Ohmyhome Limited (NASDAQ:OMH) Sees Significant Growth in Short Interest

Ohmyhome Limited (NASDAQ:OMH) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,662,663 shares, an increase of 527.1% from the July 30th total of 743,514 shares. Based on an average trading volume of 45,642,571 shares, the short-interest ratio is presently 0.1 days. Currently, 5.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ohmyhome in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ohmyhome presently has a consensus rating of “Sell”.

Ohmyhome Stock Up 0.5%

NASDAQ:OMH opened at $0.10 on Wednesday. The company has a 50 day moving average price of $0.32 and a 200-day moving average price of $0.81. Ohmyhome has a 1-year low of $0.07 and a 1-year high of $2.19.

About Ohmyhome

Ohmyhome (NASDAQ: OMH) is a Singapore-based property technology company offering an integrated online platform for residential real estate transactions. The company’s core business focuses on simplifying the home-buying, selling and renting process through a combination of digital tools and professional agent support. Its platform features end-to-end solutions that guide users from property search and valuation to mortgage facilitation and post-sale services such as renovation and furnishing.

Through its website and mobile application, Ohmyhome connects homeowners, buyers and tenants with a network of licensed agents who provide personalized advisory services.