Mogo Inc. (NASDAQ:MOGO) Short Interest Update

Mogo Inc. (NASDAQ:MOGO) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 94,200 shares, a decrease of 12.9% from the February 28th total of 108,200 shares. Based on an average trading volume of 64,800 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Mogo

A number of large investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in Mogo by 7.7% during the fourth quarter. Tidal Investments LLC now owns 1,330,643 shares of the company’s stock worth $1,810,000 after purchasing an additional 94,856 shares during the last quarter. Renaissance Technologies LLC grew its position in Mogo by 130.1% in the fourth 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. Finally, AMH Equity Ltd acquired a new position in Mogo during the fourth quarter worth about $333,000. 14.79% of the stock is currently owned by institutional investors and hedge funds.

Mogo Price Performance

Shares of NASDAQ:MOGO traded down $0.03 during trading on Thursday, reaching $0.87. 26,548 shares of the company traded hands, compared to its average volume of 65,586. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.50. Mogo has a 52 week low of $0.84 and a 52 week high of $2.07. The firm has a market capitalization of $21.17 million, a PE ratio of -1.84 and a beta of 3.05. The company’s 50 day moving average is $1.09 and its two-hundred day moving average is $1.20.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on shares of Mogo from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, March 21st.

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.