Akso Health Group Sponsored ADR (NASDAQ:AHG) Sees Large Increase in Short Interest

Key Points

• Short interest surged 268.5% to 68,625 shares as of October 15, up from 18,625 shares at the end of September. The stock’s short-interest ratio stood at 1.7 days based on average trading volume.
• Citadel Advisors initiated a position of 46,026 shares valued at approximately $69,000, while institutional investors collectively owned 1.21% of Akso Health Group.
• AHG shares fell 7.8% to $1.30, and Weiss Ratings reiterated a “sell (D-)” assessment; the sole analyst covering the stock also rates it Sell.

Akso Health Group Sponsored ADR (NASDAQ:AHG - Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 68,625 shares, an increase of 268.5% from the September 30th total of 18,625 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 41,348 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Akso Health Group

An institutional investor recently bought a new stake in Akso Health Group stock. Citadel Advisors LLC bought a new stake in Akso Health Group Sponsored ADR (NASDAQ:AHG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,026 shares of the company's stock, valued at approximately $69,000. Institutional investors and hedge funds own 1.21% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Akso Health Group in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of "Sell".

Akso Health Group Trading Down 7.8%

AHG traded down $0.11 on Wednesday, hitting $1.30. 106,827 shares of the stock traded hands, compared to its average volume of 80,391. Akso Health Group has a 52 week low of $0.68 and a 52 week high of $2.50. The business has a fifty day moving average price of $1.01 and a two-hundred day moving average price of $1.51.

Akso Health Group Company Profile

Akso Health Group Limited is a Cayman Islands holding company that operates through subsidiaries in China. The company is focused on the health and wellness sector, offering products and services intended to support consumers' healthcare, nutrition and general well-being needs.

Akso Health Group's activities include the distribution and sale of health-related products, including nutritional supplements and other wellness offerings, together with related health management and support services.

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