Short Interest in Ohmyhome Limited (NASDAQ:OMH) Rises By 2,111.8%

Ohmyhome Limited (NASDAQ:OMH) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 257,547 shares, a growth of 2,111.8% from the December 31st total of 11,644 shares. Based on an average daily volume of 2,565,499 shares, the days-to-cover ratio is presently 0.1 days. Currently, 10.8% of the shares of the company are short sold. Currently, 10.8% of the shares of the company are short sold. Based on an average daily volume of 2,565,499 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ohmyhome in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ohmyhome presently has an average rating of “Reduce”.

Ohmyhome Stock Performance

OMH stock traded down $0.31 during midday trading on Tuesday, hitting $1.52. 165,286 shares of the stock were exchanged, compared to its average volume of 1,341,147. The stock’s 50-day moving average price is $1.02 and its 200-day moving average price is $1.16. Ohmyhome has a fifty-two week low of $0.59 and a fifty-two week high of $4.46.

Ohmyhome Company Profile

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.