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

Ohmyhome Limited (NASDAQ:OMH) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 31,600 shares, a drop of 43.9% from the August 15th total of 56,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,760,000 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 1,760,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Ohmyhome Price Performance

OMH stock opened at $1.20 on Friday. The stock’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.89 and a current ratio of 0.89. Ohmyhome has a 52-week low of $0.59 and a 52-week high of $5.46.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OMH. Wall Street Zen raised shares of Ohmyhome to a “hold” rating in a report on Saturday, June 14th. Maxim Group lowered shares of Ohmyhome from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ohmyhome has an average rating of “Hold” and an average target price of $15.00.

About Ohmyhome

Ohmyhome Limited operates as a data and technology-driven property technology company in Singapore and Malaysia. It offers brokerage services that allows customers to purchase, sell, rent, or lease their properties on its platform. The company also offers other property-related services, including listing and research services comprising online property listings, property transaction guides, automated electronic valuation of listed properties, and calculators; mortgage advice and financing guidance services; and legal services, such as conveyancing, legal advice, and documentation preparation services.