Eshallgo Inc. (NASDAQ:EHGO) Short Interest Update

Eshallgo Inc. (NASDAQ:EHGO) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 33,876 shares, a drop of 44.3% from the January 29th total of 60,787 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 102,421 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 102,421 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP acquired a new stake in Eshallgo Inc. (NASDAQ:EHGO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo makes up about 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th largest holding. Yorkville Advisors Global LP owned approximately 0.84% of Eshallgo at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eshallgo in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Eshallgo Trading Down 2.0%

Shares of EHGO traded down $0.00 during mid-day trading on Friday, reaching $0.21. The stock had a trading volume of 8,396 shares, compared to its average volume of 78,684. The business’s fifty day moving average is $0.22 and its 200 day moving average is $0.41. Eshallgo has a 52-week low of $0.18 and a 52-week high of $1.34.

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.