Eshallgo Inc. (NASDAQ:EHGO) Short Interest Update

Eshallgo Inc. (NASDAQ:EHGO) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 9,558 shares, a decline of 87.7% from the April 15th total of 77,724 shares. Based on an average daily volume of 31,353 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP bought a new stake in shares of Eshallgo Inc. (NASDAQ:EHGO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo comprises 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 25th largest holding. Yorkville Advisors Global LP owned about 0.84% of Eshallgo as of its most recent SEC filing.

Eshallgo Stock Performance

EHGO stock traded down $0.01 during midday trading on Wednesday, hitting $1.81. The company’s stock had a trading volume of 9,457 shares, compared to its average volume of 28,643. Eshallgo has a 12 month low of $1.52 and a 12 month high of $21.44. The firm’s 50-day moving average is $2.80 and its 200-day moving average is $3.78.

Eshallgo (NASDAQ:EHGO) last released its quarterly earnings data on Friday, March 13th. The company reported ($2.08) earnings per share (EPS) for the quarter. The company had revenue of $3.90 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eshallgo in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Eshallgo

Eshallgo Inc, through its subsidiaries, engages in the sale and leasing of office equipment and after-sale maintenance and repair services in the People’s Republic of China. The company also sells office furniture, IT products, water dispensers, printing papers, and other products, as well as provides maintenance services with enterprise resource planning systems. It serves private and public sector businesses, as well as large enterprises and institutions. The company was founded in 2015 and is based in Shanghai, China.