MGO Global, Inc. (NASDAQ:MGOL) Short Interest Down 58.9% in November

MGO Global, Inc. (NASDAQ:MGOL) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 33,800 shares, a decrease of 58.9% from the October 31st total of 82,200 shares. Based on an average trading volume of 93,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.0% of the company’s stock are sold short.

MGO Global Stock Performance

MGO Global stock traded down $0.03 during midday trading on Friday, hitting $2.34. 19,657 shares of the company’s stock were exchanged, compared to its average volume of 1,034,397. The company has a market cap of $6.80 million, a PE ratio of -0.51 and a beta of 7.34. The firm has a 50-day moving average of $2.54 and a two-hundred day moving average of $3.77. MGO Global has a 12 month low of $1.91 and a 12 month high of $18.30.

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.