Mogo Inc. (NASDAQ:MOGO – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 76,100 shares, a growth of 26.4% from the July 15th total of 60,200 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 66,600 shares, the days-to-cover ratio is presently 1.1 days.
Analyst Upgrades and Downgrades
Separately, HC Wainwright cut their target price on shares of Mogo from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.
Mogo Trading Down 1.9 %
About Mogo
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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