Eshallgo Inc. (NASDAQ:EHGO) Stock Short Interest Jumps 150.0%

Eshallgo Inc. (NASDAQ:EHGO) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 190,413 shares, an increase of 150.0% from the August 31st total of 76,161 shares. Based on an average daily trading volume, of 776,741 shares, the short-interest ratio is presently 0.2 days. Currently, 9.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Eshallgo

An institutional investor recently bought a new position in Eshallgo stock. Yorkville Advisors Global LP bought a new position in shares of Eshallgo Inc. (NASDAQ:EHGO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo comprises about 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 25th largest position. Yorkville Advisors Global LP owned 0.84% of Eshallgo at the end of the most recent reporting period.

Eshallgo Price Performance

Shares of EHGO traded down $0.01 during mid-day trading on Friday, reaching $0.88. 96,080 shares of the company were exchanged, compared to its average volume of 482,936. Eshallgo has a 52 week low of $0.86 and a 52 week high of $11.20. The business has a 50 day simple moving average of $1.47 and a two-hundred day simple moving average of $2.07.

Eshallgo (NASDAQ:EHGO) last announced its earnings results on Friday, July 31st. The company reported ($0.65) EPS for the quarter. The company had revenue of $4.26 million during the quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Eshallgo from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Eshallgo in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Eshallgo

Eshallgo Inc is a China-based company that provides office procurement products and related services. Its business is focused on helping corporate customers obtain office supplies, equipment, consumables and other workplace products through an integrated procurement platform.

The company’s offerings are intended to support routine office operations, including the sourcing and delivery of commonly used business supplies and equipment. Eshallgo primarily serves customers in China, although publicly available information about its geographic reach and operating segments is limited.

Detailed information about Eshallgo’s history, management team and broader business operations is not widely available from reliable public sources.