Mogo Inc. (NASDAQ:MOGO) Short Interest Up 26.4% in July

Mogo Inc. (NASDAQ:MOGO) 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 %

NASDAQ:MOGO traded down $0.03 on Friday, reaching $1.31. The company’s stock had a trading volume of 93,958 shares, compared to its average volume of 65,504. The firm has a market cap of $31.99 million, a PE ratio of -2.89 and a beta of 2.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.71 and a current ratio of 1.71. The business’s 50-day moving average price is $1.45 and its two-hundred day moving average price is $1.69. Mogo has a 1-year low of $0.95 and a 1-year high of $2.25.

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.