MGO Global, Inc. (NASDAQ:MGOL) Short Interest Up 79.1% in October

MGO Global, Inc. (NASDAQ:MGOL) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 82,200 shares, a growth of 79.1% from the October 15th total of 45,900 shares. Currently, 5.9% of the company’s shares are sold short. Based on an average daily volume of 207,300 shares, the short-interest ratio is presently 0.4 days.

MGO Global Trading Down 7.8 %

Shares of MGO Global stock traded down $0.20 during mid-day trading on Wednesday, hitting $2.36. 39,473 shares of the stock were exchanged, compared to its average volume of 1,085,203. MGO Global has a twelve month low of $1.91 and a twelve month high of $18.30. The stock has a market capitalization of $6.84 million, a price-to-earnings ratio of -0.41 and a beta of 7.34. The company has a 50-day simple moving average of $2.58 and a 200 day simple moving average of $3.77.

MGO Global (NASDAQ:MGOL) last released its quarterly earnings results on Monday, August 19th. The company reported ($1.33) earnings per share (EPS) for the quarter. MGO Global had a negative return on equity of 473.26% and a negative net margin of 140.85%. The firm had revenue of $1.43 million for the quarter.

About MGO Global

MGO Global, Inc operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.