Ohmyhome Limited (NASDAQ:OMH) Sees Large Drop in Short Interest

Ohmyhome Limited (NASDAQ:OMH) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 268,802 shares, a decrease of 94.2% from the August 15th total of 4,662,663 shares. Based on an average trading volume of 1,537,183 shares, the short-interest ratio is currently 0.2 days. Currently, 15.9% of the company’s stock are short sold.

Ohmyhome Stock Down 5.3%

Shares of Ohmyhome stock traded down $0.12 during trading on Friday, hitting $2.13. 48,149 shares of the stock were exchanged, compared to its average volume of 257,690. The company has a fifty day moving average price of $9.58 and a 200-day moving average price of $35.04. Ohmyhome has a 1-year low of $2.05 and a 1-year high of $109.50.

Ohmyhome (NASDAQ:OMH) last issued its earnings results on Thursday, September 10th. The company reported ($0.49) earnings per share (EPS) for the quarter. The company had revenue of $0.96 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OMH shares. Weiss Ratings restated a “sell (e+)” rating on shares of Ohmyhome in a research note on Friday, July 17th. Wall Street Zen upgraded Ohmyhome to a “sell” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Ohmyhome Company Profile

Ohmyhome (NASDAQ: OMH) is a Singapore-based property technology company offering an integrated online platform for residential real estate transactions. The company’s core business focuses on simplifying the home-buying, selling and renting process through a combination of digital tools and professional agent support. Its platform features end-to-end solutions that guide users from property search and valuation to mortgage facilitation and post-sale services such as renovation and furnishing.

Through its website and mobile application, Ohmyhome connects homeowners, buyers and tenants with a network of licensed agents who provide personalized advisory services.