Akso Health Group Sponsored ADR (NASDAQ:AHG) Sees Significant Increase in Short Interest

Akso Health Group Sponsored ADR (NASDAQ:AHG) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 18,825 shares, a growth of 28.5% from the January 15th total of 14,650 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,550 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 7,550 shares, the short-interest ratio is presently 2.5 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Akso Health Group

A hedge fund recently bought a new stake in Akso Health Group stock. SmartHarvest Portfolios LLC purchased a new position in Akso Health Group Sponsored ADR (NASDAQ:AHG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,748 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Akso Health Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Akso Health Group Trading Down 4.4%

NASDAQ AHG opened at $1.38 on Monday. The company has a 50 day moving average of $1.44 and a 200-day moving average of $1.59. Akso Health Group has a 1-year low of $0.83 and a 1-year high of $2.10.

About Akso Health Group

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. It also offers consultancy and information technology support services; provides health treatment services; sells medical devices; and trades in branded products, as well as promotes products. The company was formerly known as Xiaobai Maimai Inc and changed its name to Akso Health Group in December 2021.