Mogo Inc. (NASDAQ:MOGO) Short Interest Update

Mogo Inc. (NASDAQ:MOGO) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 60,200 shares, a decline of 17.1% from the June 30th total of 72,600 shares. Based on an average trading volume of 63,500 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $8.00 price target on shares of Mogo in a research report on Friday, May 10th.

Mogo Stock Performance

Shares of NASDAQ:MOGO traded up $0.01 during midday trading on Tuesday, reaching $1.41. 10,061 shares of the company traded hands, compared to its average volume of 67,371. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $34.57 million, a price-to-earnings ratio of -3.11 and a beta of 2.79. Mogo has a 12 month low of $0.95 and a 12 month high of $2.82. The firm’s fifty day moving average price is $1.54 and its two-hundred day moving average price is $1.72.

Mogo (NASDAQ:MOGO) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.11. The firm had revenue of $13.30 million for the quarter, compared to the consensus estimate of $12.76 million. Mogo had a negative net margin of 21.98% and a negative return on equity of 16.00%. During the same period in the prior year, the firm posted ($0.12) earnings per share. On average, equities analysts expect that Mogo will post -0.63 earnings per share for the current year.

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.