Eshallgo Inc. (NASDAQ:EHGO) Stock Short Interest Report for October

Eshallgo Inc. (NASDAQ:EHGO) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 20,329 shares, a drop of 85.8% from the October 15th total of 143,618 shares. Based on an average daily trading volume, of 61,444 shares, the short-interest ratio is presently 0.3 days. Approximately 5.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Eshallgo from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Eshallgo in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Eshallgo Stock Down 3.0%

Eshallgo stock traded down $0.05 during trading on Thursday, reaching $1.64. The stock had a trading volume of 25,689 shares, compared to its average volume of 633,749. Eshallgo has a 52-week low of $1.50 and a 52-week high of $33.75. The business has a 50 day moving average price of $3.43 and a 200 day moving average price of $10.01.

About Eshallgo

Eshallgo Limited is a China-based provider of office-supply products and related services. The company focuses on helping organizations procure and manage everyday workplace needs through an integrated business-to-business platform. Its offerings include office stationery, consumables, equipment, furniture and other workplace products. Eshallgo also provides related supply-chain services, such as sourcing, warehousing, order fulfillment and distribution, to support corporate and institutional customers.