Mogo Inc. (NASDAQ:MOGO) Sees Large Decline in Short Interest

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

Mogo Trading Down 2.1 %

Shares of MOGO stock traded down $0.03 on Monday, reaching $1.40. 48,713 shares of the company were exchanged, compared to its average volume of 67,767. Mogo has a 1 year low of $0.95 and a 1 year high of $2.82. 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 business has a 50-day moving average price of $1.55 and a 200 day moving average price of $1.72.

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

Analyst Ratings Changes

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

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.