MOGU Inc. Sponsored ADR (NYSE:MOGU) Stock Short Interest Rises 586.0%

MOGU Inc. Sponsored ADR (NYSE:MOGU) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 7,814 shares, an increase of 586.0% from the September 30th total of 1,139 shares. Based on an average daily volume of 38,261 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of MOGU in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, MOGU currently has an average rating of “Sell”.

MOGU Trading Up 1.4%

NYSE MOGU traded up $0.03 during trading hours on Tuesday, reaching $1.92. 6,045 shares of the company traded hands, compared to its average volume of 15,269. MOGU has a 12 month low of $1.27 and a 12 month high of $3.11. The company has a 50 day moving average of $1.90 and a two-hundred day moving average of $2.10.

MOGU Company Profile

MOGU Inc is a China-based fashion and lifestyle platform that connects consumers with merchants, brands and content creators. The company focuses on fashion-oriented e-commerce and social shopping, helping users discover and purchase apparel, accessories, beauty products and other lifestyle merchandise through its online services.

MOGU’s platform combines product listings with user-generated content, influencer recommendations, short videos and livestreaming. Merchants and creators can use these tools to promote products, engage with shoppers and facilitate transactions, while consumers can browse fashion-related content and shop through the company’s digital channels.

The company was founded in China in 2011 and was formerly known as Meili Inc before adopting the MOGU name.