Mogo Inc. (NASDAQ:MOGO) Short Interest Down 16.1% in February

Mogo Inc. (NASDAQ:MOGO) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 108,200 shares, a drop of 16.1% from the February 13th total of 128,900 shares. Based on an average trading volume of 75,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Mogo

A number of large investors have recently added to or reduced their stakes in MOGO. AMH Equity Ltd acquired a new stake in shares of Mogo during the 4th quarter worth $333,000. Renaissance Technologies LLC raised its position in shares of Mogo by 130.1% in the 4th quarter. Renaissance Technologies LLC now owns 81,077 shares of the company’s stock valued at $110,000 after buying an additional 45,842 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Mogo by 7.7% during the 4th quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock worth $1,810,000 after acquiring an additional 94,856 shares during the period. Institutional investors and hedge funds own 14.79% of the company’s stock.

Mogo Stock Performance

NASDAQ MOGO traded up $0.14 during trading on Wednesday, reaching $1.07. The company’s stock had a trading volume of 60,032 shares, compared to its average volume of 67,777. The firm has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.22. Mogo has a 12 month low of $0.88 and a 12 month high of $2.15. The firm has a market capitalization of $26.12 million, a price-to-earnings ratio of -2.27 and a beta of 3.05. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50.

Mogo Company Profile

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.