Short Interest in MOGU Inc. Sponsored ADR (NYSE:MOGU) Declines By 34.9%

MOGU Inc. Sponsored ADR (NYSE:MOGU) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,503 shares, a decrease of 34.9% from the August 15th total of 6,913 shares. Based on an average trading volume of 1,778 shares, the short-interest ratio is presently 2.5 days. Approximately 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of MOGU in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

MOGU Price Performance

NYSE MOGU traded up $0.07 during trading on Friday, hitting $1.90. 2,719 shares of the company’s stock traded hands, compared to its average volume of 14,872. MOGU has a 12-month low of $1.27 and a 12-month high of $4.50. The business has a 50 day moving average of $1.94 and a 200-day moving average of $2.09.

About MOGU

MOGU Inc operates a China-focused fashion and lifestyle online platform that connects consumers with merchants, brands, content creators and influencers. The company’s platform is designed to help users discover and purchase fashion-related products, particularly apparel, accessories and beauty products.

MOGU combines e-commerce with social and content features, including user-generated content, fashion recommendations, short videos and livestreaming. Merchants and influencers can use the platform to promote products, engage with shoppers and facilitate online sales, while consumers can browse lifestyle content and make purchases through the marketplace.

Founded in 2011 and headquartered in Hangzhou, China, the company has historically focused primarily on serving consumers and merchants in the Chinese market.