Short Interest in Eshallgo Inc. (NASDAQ:EHGO) Declines By 54.6%

Eshallgo Inc. (NASDAQ:EHGO) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 6,958 shares, a drop of 54.6% from the December 31st total of 15,320 shares. Based on an average daily volume of 31,424 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 31,424 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eshallgo in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eshallgo currently has an average rating of “Sell”.

Eshallgo Stock Down 0.6%

Shares of NASDAQ EHGO traded down $0.00 during midday trading on Friday, hitting $0.24. The company had a trading volume of 58,863 shares, compared to its average volume of 445,686. Eshallgo has a twelve month low of $0.20 and a twelve month high of $1.34. The business has a 50-day simple moving average of $0.25 and a two-hundred day simple moving average of $0.49.

Eshallgo Company Profile

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.