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

Eshallgo Inc. (NASDAQ:EHGO) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 32,302 shares, a decline of 52.0% from the November 30th total of 67,243 shares. Based on an average daily trading volume, of 47,339 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 47,339 shares, the short-interest ratio is currently 0.7 days.

Eshallgo Stock Down 0.0%

Shares of EHGO stock traded down $0.00 during trading on Friday, hitting $0.22. 67,935 shares of the stock traded hands, compared to its average volume of 65,542. Eshallgo has a 52-week low of $0.21 and a 52-week high of $4.00. The firm’s fifty day moving average price is $0.34 and its 200-day moving average price is $0.59.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eshallgo in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Eshallgo

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.