Short Interest in Mangoceuticals, Inc. (NASDAQ:MGRX) Expands By 91.7%

Mangoceuticals, Inc. (NASDAQ:MGRX) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 71,500 shares, a growth of 91.7% from the January 31st total of 37,300 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average trading volume of 104,800 shares, the days-to-cover ratio is currently 0.7 days.

Mangoceuticals Stock Down 1.7 %

Shares of MGRX traded down $0.07 during mid-day trading on Friday, reaching $4.13. 59,693 shares of the stock traded hands, compared to its average volume of 110,964. Mangoceuticals has a 12-month low of $2.07 and a 12-month high of $16.80. The firm has a market cap of $10.27 million, a price-to-earnings ratio of -0.71 and a beta of 2.02. The stock has a fifty day simple moving average of $3.30 and a 200 day simple moving average of $20.46.

Mangoceuticals Company Profile

Mangoceuticals, Inc develops, markets, and sells various men's wellness products and services through a telemedicine platform in the United States. It offers erectile dysfunction (ED) products under the Mango brand and hair loss products under the Grow brand name. The company markets and sells these branded ED and hair loss products online through its website at MangoRx.com.