Eshallgo Inc. (NASDAQ:EHGO) Shares Shorted: Short Interest Down 85.8% in October

Eshallgo Inc. (NASDAQ:EHGO) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 20,329 shares, a decline of 85.8% from the October 15th total of 143,618 shares. Based on an average daily trading volume, of 61,444 shares, the short-interest ratio is presently 0.3 days. Currently, 5.0% of the shares of the company are short sold.

Eshallgo Stock Down 0.3%

Shares of EHGO stock opened at $1.60 on Wednesday. Eshallgo has a 52-week low of $1.50 and a 52-week high of $33.75. The company has a 50-day simple moving average of $3.52 and a two-hundred day simple moving average of $10.10.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen lowered Eshallgo from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of Eshallgo in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Eshallgo Company Profile

Eshallgo Limited is a China-based provider of office-supply products and related services. The company focuses on helping organizations procure and manage everyday workplace needs through an integrated business-to-business platform. Its offerings include office stationery, consumables, equipment, furniture and other workplace products. Eshallgo also provides related supply-chain services, such as sourcing, warehousing, order fulfillment and distribution, to support corporate and institutional customers.