PMGC Holdings Inc. (NASDAQ:ELAB) Sees Significant Decrease in Short Interest

PMGC Holdings Inc. (NASDAQ:ELAB) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 39,049 shares, a decline of 52.0% from the December 31st total of 81,359 shares. Based on an average daily trading volume, of 1,203,127 shares, the short-interest ratio is presently 0.0 days. Approximately 7.8% of the company’s stock are sold short. Approximately 7.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,203,127 shares, the short-interest ratio is presently 0.0 days.

PMGC Stock Down 0.6%

ELAB opened at $3.40 on Thursday. PMGC has a 12-month low of $3.03 and a 12-month high of $189.14. The business has a 50 day moving average of $10.45 and a 200-day moving average of $19.88. The stock has a market cap of $1.70 million, a price-to-earnings ratio of -0.05 and a beta of 0.67.

PMGC (NASDAQ:ELAB) last posted its earnings results on Friday, November 14th. The company reported ($19.80) earnings per share for the quarter. The company had revenue of $0.29 million during the quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ELAB shares. Weiss Ratings restated a “sell (e+)” rating on shares of PMGC in a research note on Monday, December 29th. Wall Street Zen raised shares of PMGC to a “sell” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

PMGC Company Profile

Elevai Labs, Inc, a skincare development company, designs, manufactures, and markets skincare products. Its products include Empower and Enfinity post-skincare procedure care serums for the face, neck, and upper chest regions. The company was formerly known as Reactive Medical Labs Inc and changed its name to Elevai Labs, Inc in December 2021. Elevai Labs, Inc was incorporated in 2020 and is based in Newport Beach, California.