Mogo Inc. (NASDAQ:MOGO) Sees Large Growth in Short Interest

by · The Cerbat Gem

Mogo Inc. (NASDAQ:MOGO – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 53,200 shares, a growth of 68.4% from the November 30th total of 31,600 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 93,800 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $6.00 price target on shares of Mogo in a research report on Thursday, November 7th.

Read Our Latest Research Report on MOGO

Mogo Stock Down 3.3 %

Shares of Mogo stock traded down $0.05 during midday trading on Friday, hitting $1.30. The company’s stock had a trading volume of 70,137 shares, compared to its average volume of 68,500. Mogo has a 1-year low of $0.94 and a 1-year high of $2.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $31.81 million, a P/E ratio of -2.77 and a beta of 2.95. The stock has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.31.

Mogo Company Profile

(Get Free Report)

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.

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