Short Interest in Able View Global Inc. (NASDAQ:ABLV) Drops By 14.3%

Able View Global Inc. (NASDAQ:ABLV) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 134,908 shares, a decline of 14.3% from the December 31st total of 157,421 shares. Based on an average daily volume of 24,372 shares, the short-interest ratio is currently 5.5 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 24,372 shares, the short-interest ratio is currently 5.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Able View Global in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Able View Global Price Performance

NASDAQ ABLV opened at $0.76 on Wednesday. The firm’s fifty day moving average is $0.74 and its two-hundred day moving average is $0.85. Able View Global has a one year low of $0.59 and a one year high of $1.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.44.

Able View Global Company Profile

Able View Global Inc operates as brand management partners of beauty and personal care brands in China. Its brand management services encompass various segments of the brand management value chain, including strategy, branding, digital and social marketing, omni-channel sales, customer services, overseas logistics, and warehouse and fulfilment. The company was incorporated in 2021 and is based in Shanghai, China.