Mogo Finance Technology Inc (NASDAQ:MOGO) Short Interest Up 38.8% in August
Mogo Finance Technology Inc (NASDAQ:MOGO) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 131,900 shares, a growth of 38.8% from the July 31st total of 95,000 shares. Based on an average daily trading volume, of 17,400 shares, the days-to-cover ratio is currently 7.6 days. Currently, 0.8% of the shares of the company are sold short.
MOGO traded up $0.05 during midday trading on Friday, reaching $3.05. The company’s stock had a trading volume of 10,400 shares, compared to its average volume of 16,329. The stock has a market cap of $79.11 million, a P/E ratio of -4.42 and a beta of 1.73. The company has a fifty day simple moving average of $2.84 and a 200 day simple moving average of $2.99. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.92. Mogo Finance Technology has a twelve month low of $1.98 and a twelve month high of $4.05.
A number of research firms have issued reports on MOGO. BMO Capital Markets lowered Mogo Finance Technology from an “outperform” rating to a “market perform” rating in a report on Friday, August 16th. Mackie set a $10.00 target price on Mogo Finance Technology and gave the company a “buy” rating in a report on Wednesday, September 4th.
Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers solutions that help consumers to manage and control their finances. It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.
Read More: How does quantitative easing work?
Receive News & Ratings for Mogo Finance Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mogo Finance Technology and related companies with MarketBeat.com's FREE daily email newsletter.