Short Interest in Eshallgo Inc. (NASDAQ:EHGO) Decreases By 20.9%

Eshallgo Inc. (NASDAQ:EHGO) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 15,561 shares, a drop of 20.9% from the February 26th total of 19,673 shares. Based on an average daily volume of 73,081 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eshallgo stock. Yorkville Advisors Global LP purchased a new stake in Eshallgo Inc. (NASDAQ:EHGO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo accounts for about 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned about 0.84% of Eshallgo at the end of the most recent reporting period.

Eshallgo Stock Performance

EHGO opened at $0.18 on Friday. The stock’s fifty day simple moving average is $0.21 and its 200 day simple moving average is $0.34. Eshallgo has a 1-year low of $0.16 and a 1-year high of $1.34.

Eshallgo (NASDAQ:EHGO) last released its quarterly earnings data on Friday, March 13th. The company reported ($0.13) EPS for the quarter. The business had revenue of $3.90 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eshallgo in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Eshallgo presently has an average rating of “Sell”.

Eshallgo Company Profile

Eshallgo Inc, through its subsidiaries, engages in the sale and leasing of office equipment and after-sale maintenance and repair services in the People’s Republic of China. The company also sells office furniture, IT products, water dispensers, printing papers, and other products, as well as provides maintenance services with enterprise resource planning systems. It serves private and public sector businesses, as well as large enterprises and institutions. The company was founded in 2015 and is based in Shanghai, China.