Short Interest in Ohmyhome Limited (NASDAQ:OMH) Decreases By 94.2%

Ohmyhome Limited (NASDAQ:OMH) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 268,802 shares, a decline of 94.2% from the August 15th total of 4,662,663 shares. Approximately 15.9% of the company’s stock are short sold. Based on an average trading volume of 1,537,183 shares, the days-to-cover ratio is currently 0.2 days.

Ohmyhome Trading Down 10.4%

Shares of NASDAQ OMH traded down $0.26 during mid-day trading on Thursday, reaching $2.25. 338,300 shares of the company were exchanged, compared to its average volume of 903,428. Ohmyhome has a 1 year low of $2.22 and a 1 year high of $109.50. The firm has a 50-day moving average of $9.58 and a 200 day moving average of $35.04.

Ohmyhome (NASDAQ:OMH) last posted its earnings results on Thursday, September 10th. The company reported ($0.49) earnings per share (EPS) for the quarter. The business had revenue of $0.96 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Ohmyhome to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ohmyhome in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.