Mogo Inc. (NASDAQ:MOGO) Short Interest Up 26.4% in July

Mogo Inc. (NASDAQ:MOGO) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 76,100 shares, a growth of 26.4% from the July 15th total of 60,200 shares. Based on an average daily trading volume, of 66,600 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the company’s stock are sold short.

Mogo Price Performance

Shares of Mogo stock traded down $0.03 during trading on Friday, reaching $1.31. 93,958 shares of the company’s stock were exchanged, compared to its average volume of 65,504. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.71 and a current ratio of 1.71. Mogo has a 1-year low of $0.95 and a 1-year high of $2.25. The company has a market cap of $31.99 million, a P/E ratio of -2.90 and a beta of 2.79. The firm’s 50-day moving average price is $1.45 and its 200 day moving average price is $1.69.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their target price on Mogo from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

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.