MOGU Inc. (NYSE:MOGU) Short Interest Down 94.5% in March

MOGU Inc. (NYSE:MOGUGet Rating) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 8,000 shares, a drop of 94.5% from the March 15th total of 146,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 23,400 shares, the short-interest ratio is presently 0.3 days.

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in MOGU by 67.9% during the fourth quarter. Renaissance Technologies LLC now owns 477,400 shares of the company’s stock valued at $181,000 after buying an additional 193,000 shares during the period. Citadel Advisors LLC acquired a new stake in MOGU during the third quarter valued at $54,000. Millennium Management LLC grew its position in MOGU by 142.0% during the third quarter. Millennium Management LLC now owns 39,119 shares of the company’s stock valued at $38,000 after buying an additional 22,951 shares during the period. Finally, Morgan Stanley acquired a new stake in MOGU during the second quarter valued at $29,000. 26.44% of the stock is owned by hedge funds and other institutional investors.

Shares of MOGU stock traded down $0.01 during trading on Wednesday, hitting $2.85. 1,119 shares of the company’s stock were exchanged, compared to its average volume of 23,501. The business has a 50-day simple moving average of $3.70 and a 200-day simple moving average of $6.56. MOGU has a 52-week low of $2.85 and a 52-week high of $23.04. The stock has a market capitalization of $20.87 million, a price-to-earnings ratio of -0.26 and a beta of 0.84.

About MOGU (Get Rating)

Mogu, Inc engages in the operation of an online fashion and lifestyle destination platform Its platform contents comprises live video broadcasts, short-form videos, photographs, and articles covering topics including product reviews, fashion tips, brand fitting room, celebrity on-screen, and street runway.

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