Short Interest in Mogo Inc. (NASDAQ:MOGO) Decreases By 31.0%

Mogo Inc. (NASDAQ:MOGO) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 40,000 shares, a decline of 31.0% from the October 31st total of 58,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 71,700 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

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

Mogo Trading Up 3.5 %

Shares of Mogo stock traded up $0.05 on Friday, reaching $1.49. The stock had a trading volume of 40,529 shares, compared to its average volume of 66,007. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $1.19 and its two-hundred day moving average is $1.35. Mogo has a 1 year low of $0.94 and a 1 year high of $2.25.

Mogo Company Profile

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.