Akso Health Group Sponsored ADR (NASDAQ:AHG) Short Interest Down 39.5% in July

Key Points

• Short interest fell 39.5% in July to 23,197 shares, equivalent to 3.1 days to cover and approximately 0.0% of AHG’s outstanding stock.
• SmartHarvest Portfolios more than doubled its stake during the first quarter, while institutional ownership remains low at 1.21%.
• AHG shares opened at $1.21 after declining 4.7%; the company reported a quarterly loss of $0.01 per share on $3.42 million in revenue, and analyst coverage carries an average “Sell” rating.

Akso Health Group Sponsored ADR (NASDAQ:AHG - Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 23,197 shares, a decrease of 39.5% from the July 15th total of 38,320 shares. Based on an average trading volume of 7,554 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.0% of the company's stock are short sold.

Institutional Investors Weigh In On Akso Health Group

An institutional investor recently raised its position in Akso Health Group stock. SmartHarvest Portfolios LLC boosted its stake in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG - Free Report) by 111.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,429 shares of the company's stock after buying an additional 18,681 shares during the quarter. SmartHarvest Portfolios LLC's holdings in Akso Health Group were worth $81,000 as of its most recent SEC filing. 1.21% of the stock is currently owned by institutional investors.

Akso Health Group Stock Down 4.7%

Shares of AHG opened at $1.21 on Tuesday. The stock has a 50 day moving average of $1.43 and a 200 day moving average of $1.69. Akso Health Group has a 12 month low of $1.10 and a 12 month high of $2.50.

Akso Health Group (NASDAQ:AHG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $3.42 million during the quarter.

Analyst Upgrades and Downgrades

AHG has been the subject of several analyst reports. Wall Street Zen upgraded shares of Akso Health Group to a "sell" rating in a report on Saturday, May 2nd. Weiss Ratings restated a "sell (d-)" rating on shares of Akso Health Group in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Akso Health Group has an average rating of "Sell".

Akso Health Group Company Profile

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. It also offers consultancy and information technology support services; provides health treatment services; sells medical devices; and trades in branded products, as well as promotes products. The company was formerly known as Xiaobai Maimai Inc and changed its name to Akso Health Group in December 2021.

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