Short Interest in Mogo Inc. (NASDAQ:MOGO) Decreases By 21.0%

Mogo Inc. (NASDAQ:MOGO) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 31,600 shares, a decrease of 21.0% from the November 15th total of 40,000 shares. Based on an average daily volume of 85,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Mogo Stock Performance

Shares of Mogo stock remained flat at $1.36 on Friday. 67,673 shares of the stock were exchanged, compared to its average volume of 68,065. The stock’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.33. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. Mogo has a 52-week low of $0.94 and a 52-week high of $2.25. The stock has a market capitalization of $33.28 million, a P/E ratio of -2.89 and a beta of 2.95.

Wall Street Analyst Weigh In

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

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.