Eshallgo Inc. (NASDAQ:EHGO) Short Interest Down 87.7% in April

Eshallgo Inc. (NASDAQ:EHGO) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 9,558 shares, a drop of 87.7% from the April 15th total of 77,724 shares. Based on an average trading volume of 31,353 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are short sold.

Eshallgo Stock Performance

Shares of NASDAQ EHGO traded up $0.02 during mid-day trading on Tuesday, reaching $1.82. 29,722 shares of the company’s stock were exchanged, compared to its average volume of 18,578. The company’s 50-day moving average is $2.86 and its 200-day moving average is $3.88. Eshallgo has a 52-week low of $1.52 and a 52-week high of $21.44.

Eshallgo (NASDAQ:EHGO) last announced its earnings results on Friday, March 13th. The company reported ($2.08) EPS for the quarter. The company had revenue of $3.90 million during the quarter.

Hedge Funds 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 the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 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 biggest holding. Yorkville Advisors Global LP owned 0.84% of Eshallgo as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Eshallgo in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eshallgo has an average rating of “Sell”.

About Eshallgo

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.