Short Interest in Ohmyhome Limited (NASDAQ:OMH) Grows By 527.1%

Ohmyhome Limited (NASDAQ:OMH) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,662,663 shares, an increase of 527.1% from the July 30th total of 743,514 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 45,642,571 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ohmyhome in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Ohmyhome Stock Performance

Shares of NASDAQ OMH traded down $0.01 during trading on Friday, reaching $0.07. 5,071,492 shares of the company traded hands, compared to its average volume of 13,179,775. The firm has a 50 day simple moving average of $0.30 and a 200-day simple moving average of $0.80. Ohmyhome has a 52-week low of $0.07 and a 52-week high of $2.19.

Ohmyhome’s stock is going to reverse split on Monday, August 31st. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 30th.

About Ohmyhome

Ohmyhome (NASDAQ: OMH) is a Singapore-based property technology company offering an integrated online platform for residential real estate transactions. The company’s core business focuses on simplifying the home-buying, selling and renting process through a combination of digital tools and professional agent support. Its platform features end-to-end solutions that guide users from property search and valuation to mortgage facilitation and post-sale services such as renovation and furnishing.

Through its website and mobile application, Ohmyhome connects homeowners, buyers and tenants with a network of licensed agents who provide personalized advisory services.