Short Interest in Eshallgo Inc. (NASDAQ:EHGO) Decreases By 20.9%

Eshallgo Inc. (NASDAQ:EHGO) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 15,561 shares, a decline of 20.9% from the February 26th total of 19,673 shares. Based on an average trading volume of 73,081 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Eshallgo Price Performance

Shares of Eshallgo stock opened at $0.18 on Friday. The firm has a 50-day moving average of $0.21 and a 200-day moving average of $0.34. Eshallgo has a 52-week low of $0.16 and a 52-week high of $1.34.

Eshallgo (NASDAQ:EHGO) last released its quarterly earnings results on Friday, March 13th. The company reported ($0.13) EPS for the quarter. The company had revenue of $3.90 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eshallgo in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP bought a new position in shares of Eshallgo Inc. (NASDAQ:EHGO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo accounts for about 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned 0.84% of Eshallgo as of its most recent SEC filing.

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.