Mogo Inc. (NASDAQ:MOGO) Short Interest Up 68.4% in December

Mogo Inc. (NASDAQ:MOGO) was the target of a large growth in short interest in 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. Based on an average daily volume of 93,800 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Mogo Price Performance

Shares of MOGO traded down $0.05 during trading hours on Friday, hitting $1.30. 70,137 shares of the company were exchanged, compared to its average volume of 68,500. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $31.81 million, a PE ratio of -2.77 and a beta of 2.95. The firm has a fifty day simple moving average of $1.31 and a 200-day simple moving average of $1.31. Mogo has a one year low of $0.94 and a one year high of $2.25.

Analysts Set New Price Targets

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

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.