ECMOHO Limited (NASDAQ:MOHO) Sees Significant Drop in Short Interest

ECMOHO Limited (NASDAQ:MOHOGet Rating) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 239,600 shares, a drop of 38.9% from the April 15th total of 391,900 shares. Based on an average trading volume of 3,390,000 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NASDAQ MOHO traded up $0.02 during midday trading on Friday, reaching $0.18. 1,289,309 shares of the stock were exchanged, compared to its average volume of 375,176. ECMOHO has a 52-week low of $0.15 and a 52-week high of $1.94. The stock has a 50 day moving average price of $0.24 and a 200-day moving average price of $0.35.

A hedge fund recently raised its stake in ECMOHO stock. Citadel Advisors LLC increased its stake in ECMOHO Limited (NASDAQ:MOHOGet Rating) by 551.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,185 shares of the company’s stock after acquiring an additional 93,268 shares during the period. Citadel Advisors LLC owned approximately 0.36% of ECMOHO worth $67,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.97% of the company’s stock.

About ECMOHO (Get Rating)

ECMOHO Limited, an investment holding company, operates as an integrated solution provider in the non-medical health and wellness market. The company offers health supplements and food, mother and child care products, personal care products, and household healthcare equipment and cleaning products. It also operates an online e-commerce platform.

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