Akso Health Group Sponsored ADR (NASDAQ:AHG) Sees Large Decline in Short Interest

Akso Health Group Sponsored ADR (NASDAQ:AHG) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 28,640 shares, a drop of 25.1% from the March 31st total of 38,262 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 151,959 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Akso Health Group stock. SmartHarvest Portfolios LLC purchased a new position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,748 shares of the company’s stock, valued at approximately $27,000. 1.21% of the stock is owned by institutional investors.

Akso Health Group Stock Down 1.4%

AHG stock traded down $0.03 during trading on Friday, reaching $2.16. 152,418 shares of the stock were exchanged, compared to its average volume of 87,532. Akso Health Group has a twelve month low of $1.07 and a twelve month high of $2.50. The stock has a 50 day simple moving average of $2.04 and a 200-day simple moving average of $1.69.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Akso Health Group in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Akso Health Group has a consensus rating of “Sell”.

Akso Health Group Company Profile

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. It also offers consultancy and information technology support services; provides health treatment services; sells medical devices; and trades in branded products, as well as promotes products. The company was formerly known as Xiaobai Maimai Inc and changed its name to Akso Health Group in December 2021.