Ohmyhome Limited (NASDAQ:OMH) Sees Large Decline in Short Interest

Ohmyhome Limited (NASDAQ:OMH) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 126,641 shares, a drop of 19.7% from the March 15th total of 157,625 shares. Based on an average daily volume of 23,732 shares, the short-interest ratio is currently 5.3 days. Approximately 5.3% of the company’s shares are short sold.

Ohmyhome Stock Performance

OMH stock traded down $0.02 on Thursday, reaching $1.07. The company’s stock had a trading volume of 43,626 shares, compared to its average volume of 12,672. The business has a fifty day simple moving average of $1.25 and a two-hundred day simple moving average of $1.17. Ohmyhome has a 12-month low of $0.59 and a 12-month high of $4.33.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ohmyhome in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Ohmyhome Company Profile

Ohmyhome (NASDAQ: OMH) is a Singapore-based property technology company offering an integrated online platform for residential real estate transactions. The company’s core business focuses on simplifying the home-buying, selling and renting process through a combination of digital tools and professional agent support. Its platform features end-to-end solutions that guide users from property search and valuation to mortgage facilitation and post-sale services such as renovation and furnishing.

Through its website and mobile application, Ohmyhome connects homeowners, buyers and tenants with a network of licensed agents who provide personalized advisory services.