Moatable, Inc. (NYSE:MTBLY) Short Interest Up 23.1% in August

Key Points

• Moatable, Inc. (NYSE:MTBLY) experienced a significant 23.1% increase in short interest from 6,500 to 8,000 shares in August, indicating growing bearish sentiment.
• The stock's current trading price is $2.82, with a market capitalization of approximately $51.13 million and a PE ratio of -28.20.
• Moatable develops software solutions like Chime, a real estate management platform, and Trucker Path, aimed at enhancing freight transportation efficiency.

Moatable, Inc. (NYSE:MTBLY - Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 8,000 shares, a growth of 23.1% from the August 15th total of 6,500 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.1% of the company's stock are short sold.

Moatable Stock Performance

NYSE:MTBLY traded down $0.04 on Monday, hitting $2.85. The stock had a trading volume of 4,112 shares, compared to its average volume of 12,255. The firm's fifty day simple moving average is $1.93 and its two-hundred day simple moving average is $1.58. Moatable has a 1 year low of $0.62 and a 1 year high of $2.95. The stock has a market cap of $51.67 million, a P/E ratio of -28.50 and a beta of -0.01.

Moatable Company Profile

Moatable, Inc engages in the software as a service business in the United States and internationally. The company develops Chime, an all-in-one real estate sales acceleration and client lifecycle management platform that allows real estate professionals to obtain and nurture leads, close transactions, and retain their clients; and Trucker Path, a driver-centric online transportation management platform to make freight transportation fast, reliable, and efficient.