Mogo Inc. (NASDAQ:MOGO – Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 108,200 shares, a decrease of 16.1% from the February 13th total of 128,900 shares. Based on an average trading volume of 75,200 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are sold short.
Hedge Funds Weigh In On Mogo
A number of institutional investors have recently added to or reduced their stakes in MOGO. Renaissance Technologies LLC increased its stake in Mogo by 130.1% in the 4th quarter. Renaissance Technologies LLC now owns 81,077 shares of the company’s stock worth $110,000 after acquiring an additional 45,842 shares during the last quarter. AMH Equity Ltd bought a new position in Mogo in the 4th quarter worth about $333,000. Finally, Tidal Investments LLC increased its stake in Mogo by 7.7% in the 4th quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock worth $1,810,000 after acquiring an additional 94,856 shares during the last quarter. 14.79% of the stock is currently owned by institutional investors.
Mogo Price Performance
Shares of NASDAQ MOGO opened at $0.96 on Tuesday. The firm has a market capitalization of $23.47 million, a P/E ratio of -2.04 and a beta of 3.05. 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’s 50-day simple moving average is $1.17 and its two-hundred day simple moving average is $1.22. Mogo has a twelve month low of $0.88 and a twelve month high of $2.18.
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.
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