Ohmyhome Limited (NASDAQ:OMH) Sees Large Increase in Short Interest

Ohmyhome Limited (NASDAQ:OMH) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 309,260 shares, a growth of 161.4% from the May 31st total of 118,319 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 798,748 shares, the days-to-cover ratio is currently 0.4 days.

Ohmyhome Trading Down 7.7%

Shares of Ohmyhome stock traded down $0.04 during midday trading on Tuesday, hitting $0.52. The company had a trading volume of 44,380 shares, compared to its average volume of 324,291. Ohmyhome has a 1-year low of $0.48 and a 1-year high of $1.91. The business’s 50 day simple moving average is $0.82 and its two-hundred day simple moving average is $1.06.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ohmyhome in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.