Akso Health Group Sponsored ADR (NASDAQ:AHG) Short Interest Update

Key Points

• Short interest dropped by 18.6% in March to 38,262 shares, with a very low short-interest ratio of 0.2 days based on average daily volume of 174,063 shares.
• SmartHarvest Portfolios established a new position of 16,748 shares (about $27,000) in Q4, while institutional ownership remains minimal at 1.21%.
• Shares opened at $2.21 (50-day SMA $1.88, 200-day SMA $1.65, 52-week range $1.00–$2.50) and analysts have a consensus "Sell" rating, including a reissued "Sell (D-)" from Weiss Ratings.

Akso Health Group Sponsored ADR (NASDAQ:AHG - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 38,262 shares, a decrease of 18.6% from the March 15th total of 46,989 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 174,063 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Akso Health Group

An institutional investor recently bought a new position in Akso Health Group stock. SmartHarvest Portfolios LLC bought a new stake in Akso Health Group Sponsored ADR (NASDAQ:AHG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,748 shares of the company's stock, valued at approximately $27,000. 1.21% of the stock is currently owned by institutional investors.

Akso Health Group Stock Performance

Shares of Akso Health Group stock opened at $2.21 on Thursday. The firm's 50-day simple moving average is $1.88 and its 200-day simple moving average is $1.65. Akso Health Group has a 1 year low of $1.00 and a 1 year high of $2.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Akso Health Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus 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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