Short Interest in Able View Global Inc. (NASDAQ:ABLV) Grows By 248.7%
by Scott Moore · The Cerbat GemAble View Global Inc. (NASDAQ:ABLV – Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 169,669 shares, a growth of 248.7% from the November 30th total of 48,654 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 1,989,580 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,989,580 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Able View Global in a research note on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
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Able View Global Stock Performance
Shares of Able View Global stock opened at $0.74 on Friday. Able View Global has a 1 year low of $0.59 and a 1 year high of $1.77. The firm has a fifty day moving average price of $0.82 and a 200 day moving average price of $0.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 1.07.
Able View Global Company Profile
Able View Global Inc operates as brand management partners of beauty and personal care brands in China. Its brand management services encompass various segments of the brand management value chain, including strategy, branding, digital and social marketing, omni-channel sales, customer services, overseas logistics, and warehouse and fulfilment. The company was incorporated in 2021 and is based in Shanghai, China.