Financial Technology

Mogo Inc. (NASDAQ:MOGO) Sees Large Decrease in Short Interest

Mogo Inc. (NASDAQ:MOGOGet Rating) saw a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 463,600 shares, a decrease of 16.3% from the December 15th total of 553,800 shares. Based on an average daily volume of 203,000 shares, the short-interest ratio is currently 2.3 days. Approximately 0.7% of the company’s stock are sold short.

Mogo Stock Performance

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Shares of MOGO stock opened at $0.75 on Friday. The firm has a 50-day moving average of $0.60 and a 200-day moving average of $0.85. The company has a market cap of $57.00 million, a P/E ratio of -0.56 and a beta of 2.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.69 and a quick ratio of 1.69. Mogo has a one year low of $0.40 and a one year high of $3.14.

Mogo (NASDAQ:MOGOGet Rating) last released its earnings results on Thursday, November 10th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Mogo had a negative net margin of 175.14% and a negative return on equity of 21.81%. The firm had revenue of $13.23 million for the quarter, compared to analysts’ expectations of $13.60 million. Equities research analysts forecast that Mogo will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Mogo

Several large investors have recently modified their holdings of MOGO. Raymond James Financial Services Advisors Inc. increased its stake in shares of Mogo by 18.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 70,505 shares of the company’s stock worth $205,000 after purchasing an additional 11,118 shares during the last quarter. Cibc World Market Inc. increased its stake in shares of Mogo by 93.3% during the 1st quarter. Cibc World Market Inc. now owns 21,775 shares of the company’s stock worth $63,000 after purchasing an additional 10,511 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Mogo by 64.9% during the 1st quarter. Mackenzie Financial Corp now owns 24,516 shares of the company’s stock worth $72,000 after purchasing an additional 9,653 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Mogo by 47.2% during the 1st quarter. First Trust Advisors LP now owns 265,269 shares of the company’s stock worth $772,000 after purchasing an additional 85,022 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of Mogo by 343.2% during the 1st quarter. Mariner LLC now owns 454,221 shares of the company’s stock worth $1,322,000 after purchasing an additional 351,729 shares during the last quarter. Hedge funds and other institutional investors own 14.43% of the company’s stock.

Mogo Company Profile

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Mogo, Inc operates as a financial technology company. The firm offers free Mogo app, for consumers to access a digital spending account with the Mogo Visa Platinum Prepaid Card featuring automatic carbon offsetting, easily buy and sell bitcoin, get free monthly credit-score monitoring and ID fraud protection and access personal loans, and mortgages.

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