Mogo Inc. (NASDAQ:MOGO) Short Interest Update

Mogo Inc. (NASDAQ:MOGO) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 64,700 shares, a decrease of 23.6% from the August 15th total of 84,700 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 47,000 shares, the short-interest ratio is presently 1.4 days.

Mogo Stock Performance

MOGO stock traded up $0.03 during trading on Friday, reaching $1.16. The company had a trading volume of 14,072 shares, compared to its average volume of 60,640. The firm has a 50-day simple moving average of $1.34 and a 200-day simple moving average of $1.62. The company has a market cap of $28.31 million, a price-to-earnings ratio of -2.57 and a beta of 2.79. Mogo has a twelve month low of $0.95 and a twelve month high of $2.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.38.

Mogo (NASDAQ:MOGO) last issued its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The company had revenue of $12.83 million during the quarter, compared to analyst estimates of $12.77 million. Mogo had a negative return on equity of 17.25% and a negative net margin of 24.68%. As a group, sell-side analysts expect that Mogo will post -0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reduced 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.