Eshallgo Inc. (NASDAQ:EHGO) Short Interest Update

Eshallgo Inc. (NASDAQ:EHGO) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 27,310,385 shares, the short-interest ratio is presently 0.0 days. Currently, 7.2% of the shares of the company are sold short.

Eshallgo Price Performance

Shares of Eshallgo stock traded up $0.48 during trading hours on Monday, reaching $2.12. 28,801,849 shares of the company’s stock were exchanged, compared to its average volume of 2,898,861. The business has a fifty day moving average of $2.03 and a two-hundred day moving average of $2.84. Eshallgo has a 1 year low of $1.12 and a 1 year high of $13.48.

Wall Street Analysts Forecast Growth

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

Institutional Trading of 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 fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo comprises about 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th largest position. Yorkville Advisors Global LP owned approximately 0.84% of Eshallgo at the end of the most recent quarter.

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.