MGO Global, Inc. (NASDAQ:MGOL) Short Interest Update

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

MGO Global Stock Performance

MGO Global stock traded up $0.05 on Wednesday, reaching $2.48. The company’s stock had a trading volume of 69,950 shares, compared to its average volume of 1,133,652. The business’s fifty day moving average price is $2.75 and its 200 day moving average price is $3.76. The company has a market cap of $45.04 million, a price-to-earnings 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 issued its quarterly earnings results on Monday, August 19th. The company reported ($1.33) earnings per share (EPS) for the quarter. MGO Global had a negative return on equity of 473.26% and a negative net margin of 140.85%. The company had revenue of $1.43 million for the quarter.

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.