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

Mogo Inc. (NASDAQ:MOGO) was the recipient of a significant decrease in short interest in 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. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 75,200 shares, the short-interest ratio is currently 1.4 days.

Mogo Stock Down 6.3 %

NASDAQ MOGO traded down $0.07 during trading hours on Thursday, reaching $1.00. 49,008 shares of the company traded hands, compared to its average volume of 67,704. The stock has a market capitalization of $24.47 million, a PE ratio of -2.13 and a beta of 3.05. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. Mogo has a 12 month low of $0.88 and a 12 month high of $2.15. The company has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.22.

Institutional Investors Weigh In On Mogo

A number of institutional investors have recently modified their holdings of MOGO. AMH Equity Ltd bought a new stake in Mogo in the fourth quarter valued at about $333,000. Tidal Investments LLC grew its position in shares of 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 in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Mogo by 130.1% in the 4th quarter. Renaissance Technologies LLC now owns 81,077 shares of the company’s stock valued at $110,000 after acquiring an additional 45,842 shares during the last quarter. Institutional investors and hedge funds own 14.79% of the company’s stock.

About Mogo

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.