MGO Global, Inc. (NASDAQ:MGOL) Sees Large Drop in Short Interest

MGO Global, Inc. (NASDAQ:MGOL) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 54,100 shares, a decrease of 21.6% from the August 31st total of 69,000 shares. Based on an average trading volume of 2,620,000 shares, the short-interest ratio is presently 0.0 days. Approximately 3.9% of the shares of the stock are sold short.

MGO Global Price Performance

Shares of NASDAQ:MGOL traded down $0.02 on Friday, reaching $2.73. 27,276 shares of the company traded hands, compared to its average volume of 1,262,258. MGO Global has a fifty-two week low of $1.91 and a fifty-two week high of $18.30. The company’s 50 day moving average is $3.38 and its 200-day moving average is $3.91. The stock has a market capitalization of $49.58 million, a PE ratio of -5.19 and a beta of 7.39.

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

MGO Global Company Profile

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.