ESGL Holdings Limited (NASDAQ:ESGL) Sees Significant Drop in Short Interest

ESGL Holdings Limited (NASDAQ:ESGL) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 11,193 shares, a decline of 37.6% from the December 31st total of 17,926 shares. Based on an average daily volume of 14,388 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 14,388 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ESGL in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On ESGL

An institutional investor recently bought a new position in ESGL stock. Citadel Advisors LLC acquired a new position in shares of ESGL Holdings Limited (NASDAQ:ESGL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,623 shares of the company’s stock, valued at approximately $64,000.

ESGL Stock Up 2.3%

Shares of ESGL stock traded up $0.08 during trading on Friday, hitting $3.61. 3,010 shares of the stock were exchanged, compared to its average volume of 10,678. ESGL has a 12 month low of $0.90 and a 12 month high of $4.32. The stock’s fifty day moving average is $3.93 and its 200 day moving average is $3.60.

About ESGL

ESGL Holdings Limited provides waste solutions. It regenerates industrial waste into circular products using technologies and renewable energy. The company was founded in 1999 and is based in Singapore.