MGO Global, Inc. (NASDAQ:MGOL) Short Interest Down 18.3% in October

MGO Global, Inc. (NASDAQ:MGOL) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 45,900 shares, a decline of 18.3% from the September 30th total of 56,200 shares. Based on an average trading volume of 2,590,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.3% of the shares of the company are sold short.

MGO Global Stock Down 3.5 %

MGOL opened at $2.47 on Monday. The company has a market capitalization of $44.86 million, a PE ratio of -4.66 and a beta of 7.39. MGO Global has a 52 week low of $1.91 and a 52 week high of $18.30. The firm has a 50-day simple moving average of $2.89 and a two-hundred day simple moving average of $3.77.

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

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.