Eshallgo Inc. (NASDAQ:EHGO) Sees Large Drop in Short Interest

Eshallgo Inc. (NASDAQ:EHGO) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 6,958 shares, a drop of 54.6% from the December 31st total of 15,320 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 31,424 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 31,424 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Eshallgo Stock Up 2.2%

NASDAQ:EHGO opened at $0.25 on Thursday. Eshallgo has a twelve month low of $0.20 and a twelve month high of $1.34. The stock’s 50-day simple moving average is $0.26 and its 200 day simple moving average is $0.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eshallgo in a research note on Monday, December 22nd. One investment 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.