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

Ohmyhome Limited (NASDAQ:OMH) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 37,837 shares, a decrease of 51.3% from the September 15th total of 77,752 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 54,593 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ohmyhome in a research note on Friday, July 17th. Wall Street Zen raised shares of Ohmyhome from a “sell” rating to a “hold” rating in a report on Sunday, September 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

Ohmyhome Price Performance

Shares of NASDAQ OMH traded up $0.03 during midday trading on Wednesday, reaching $2.77. 44,975 shares of the stock were exchanged, compared to its average volume of 234,205. The firm has a 50-day simple moving average of $3.34 and a two-hundred day simple moving average of $25.30. Ohmyhome has a twelve month low of $2.05 and a twelve month high of $109.50.

Ohmyhome Company Profile

Ohmyhome is a Singapore-based property technology company that operates an online platform for buying, selling, renting and managing residential property. Its platform is designed to connect property owners, buyers, tenants and service providers, offering both digital tools and professional assistance throughout the property transaction process.

The company’s services include property listings, brokerage and transaction support, mortgage-related assistance, and home services such as renovation, moving and cleaning.