SGOCO Group, Ltd. (NASDAQ:SGOC) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 250,400 shares, a decline of 26.2% from the March 31st total of 339,300 shares. Based on an average daily trading volume, of 357,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.8% of the shares of the stock are sold short.
An institutional investor recently bought a new position in SGOCO Group stock. Virtu Financial LLC acquired a new stake in SGOCO Group, Ltd. (NASDAQ:SGOC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,060 shares of the technology company’s stock, valued at approximately $25,000. Institutional investors and hedge funds own 0.02% of the company’s stock.
Shares of SGOCO Group stock traded down $0.05 on Tuesday, reaching $1.67. The company’s stock had a trading volume of 23,031 shares, compared to its average volume of 371,790. SGOCO Group has a 52-week low of $0.77 and a 52-week high of $4.21. The stock has a 50-day moving average price of $1.92 and a 200-day moving average price of $1.58.
SGOCO Group Company Profile
SGOCO Group, Ltd. designs, develops, and manufactures phase change material storage systems for applications on cooling and heating systems in Mainland China and Hong Kong. The company's products include phase change material thermal energy storage products; LCD/LED monitors; and TV product-related and application-specific products.
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