Short Interest in MGO Global, Inc. (NASDAQ:MGOL) Declines By 36.4%

MGO Global, Inc. (NASDAQ:MGOL) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 21,500 shares, a decline of 36.4% from the November 15th total of 33,800 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 76,300 shares, the days-to-cover ratio is currently 0.3 days.

MGO Global Stock Performance

Shares of MGOL stock traded down $0.14 during trading hours on Friday, reaching $2.10. The company had a trading volume of 15,380 shares, compared to its average volume of 992,016. The company has a market capitalization of $6.10 million, a P/E ratio of -0.46 and a beta of 6.88. MGO Global has a twelve month low of $1.91 and a twelve month high of $18.30. The stock’s fifty day simple moving average is $2.44 and its 200 day simple moving average is $3.50.

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.