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

Ohmyhome Limited (NASDAQ:OMH) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 4,662,663 shares, a growth of 527.1% from the July 30th total of 743,514 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 45,642,571 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ohmyhome in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ohmyhome currently has an average rating of “Sell”.

Ohmyhome Price Performance

Shares of OMH stock opened at $0.10 on Wednesday. Ohmyhome has a twelve month low of $0.07 and a twelve month high of $2.19. The company’s 50-day moving average price is $0.32 and its 200-day moving average price is $0.81.

About Ohmyhome

Ohmyhome (NASDAQ: OMH) is a Singapore-based property technology company offering an integrated online platform for residential real estate transactions. The company’s core business focuses on simplifying the home-buying, selling and renting process through a combination of digital tools and professional agent support. Its platform features end-to-end solutions that guide users from property search and valuation to mortgage facilitation and post-sale services such as renovation and furnishing.

Through its website and mobile application, Ohmyhome connects homeowners, buyers and tenants with a network of licensed agents who provide personalized advisory services.