Mogo Inc. (NASDAQ:MOGO) Short Interest Down 21.0% in November

Mogo Inc. (NASDAQ:MOGO) was the recipient of a large decrease in short interest during 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 trading volume of 85,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Mogo Stock Performance

NASDAQ MOGO remained flat at $1.36 during trading hours on Friday. 67,673 shares of the company were exchanged, compared to its average volume of 68,065. The company has a market cap of $33.28 million, a PE ratio of -2.89 and a beta of 2.95. Mogo has a 12-month low of $0.94 and a 12-month high of $2.25. The business’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.44.

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.