Short Interest in MOGU Inc. (NYSE:MOGU) Drops By 36.7%

MOGU Inc. (NYSE:MOGU – Get Rating) was the target of a large drop in short interest in April. As of April 30th, there was short interest totalling 6,900 shares, a drop of 36.7% from the April 15th total of 10,900 shares. Based on an average daily volume of 19,500 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

NYSE:MOGU opened at $1.59 on Friday. The firm has a 50-day moving average price of $3.07 and a two-hundred day moving average price of $5.14. MOGU has a twelve month low of $1.41 and a twelve month high of $21.60.

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in MOGU by 67.9% during the 4th quarter. Renaissance Technologies LLC now owns 477,400 shares of the company’s stock valued at $181,000 after acquiring an additional 193,000 shares in the last quarter. Citadel Advisors LLC purchased a new position in MOGU during the 3rd quarter valued at about $54,000. Millennium Management LLC increased its holdings in MOGU by 142.0% during the 3rd quarter. Millennium Management LLC now owns 39,119 shares of the company’s stock valued at $38,000 after acquiring an additional 22,951 shares in the last quarter. Finally, Morgan Stanley purchased a new position in MOGU during the 2nd quarter valued at about $29,000.

MOGU Company Profile (Get Rating)

MOGU Inc, through its subsidiaries, engages in the online fashion and lifestyle business in the People's Republic of China. The company operates an online platform that primarily offers a range of fashion apparel and other products, including beauty products and accessories provided by third party merchants.

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