Eshallgo Inc. (NASDAQ:EHGO) Short Interest Down 37.2% in September

Eshallgo Inc. (NASDAQ:EHGO) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 76,900 shares, a decline of 37.2% from the August 31st total of 122,500 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eshallgo in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Eshallgo Stock Down 1.9%

Shares of EHGO traded down $0.01 during mid-day trading on Monday, hitting $0.60. 3,037 shares of the company’s stock were exchanged, compared to its average volume of 598,145. Eshallgo has a fifty-two week low of $0.57 and a fifty-two week high of $5.50. The stock’s 50-day moving average is $0.69 and its 200-day moving average is $0.90.

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.