MGO Global, Inc. (NASDAQ:MGOL) Sees Significant Decrease in Short Interest

MGO Global, Inc. (NASDAQ:MGOL) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 45,900 shares, a decline of 18.3% from the September 30th total of 56,200 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 2,590,000 shares, the days-to-cover ratio is presently 0.0 days.

MGO Global Trading Up 2.1 %

MGOL stock traded up $0.05 during trading on Wednesday, reaching $2.48. 69,950 shares of the stock were exchanged, compared to its average volume of 1,133,652. The stock has a 50 day simple moving average of $2.75 and a 200-day simple moving average of $3.76. The company has a market capitalization of $45.04 million, a P/E ratio of -4.68 and a beta of 7.39. MGO Global has a twelve month low of $1.91 and a twelve month high of $18.30.

MGO Global (NASDAQ:MGOL) last released its quarterly earnings data on Monday, August 19th. The company reported ($1.33) earnings per share (EPS) for the quarter. The firm had revenue of $1.43 million for the quarter. MGO Global had a negative net margin of 140.85% and a negative return on equity of 473.26%.

MGO Global Company Profile

MGO Global, Inc operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.