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

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

Analysts Set New Price Targets

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

Mogo Stock Performance

Shares of Mogo stock remained flat at $1.36 during mid-day trading on Friday. 67,673 shares of the company’s stock traded hands, 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 one year low of $0.94 and a one year high of $2.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average of $1.25 and a 200-day moving average of $1.32.

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.