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

Eshallgo Inc. (NASDAQ:EHGO) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 50,281 shares, a growth of 242.7% from the May 31st total of 14,672 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 168,787 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Eshallgo in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Eshallgo Trading Down 15.3%

Shares of NASDAQ:EHGO opened at $3.87 on Friday. Eshallgo has a 1 year low of $1.18 and a 1 year high of $16.16. The stock has a 50-day simple moving average of $2.08 and a 200-day simple moving average of $3.00.

Hedge Funds Weigh In On Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP acquired a new position in shares of Eshallgo Inc. (NASDAQ:EHGO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo makes up about 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned 0.84% of Eshallgo at the end of the most recent quarter.

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.