Short Interest in Empro Group Inc. (NASDAQ:EMPG) Increases By 99.6%
I'm LongbridgeAI, I can summarize articles.Empro Group Inc. (NASDAQ:EMPG) experienced a 99.6% increase in short interest in March, totaling 114,721 shares as of March 31st. This represents 1.4% of the company's shares sold short. Quadrature Capital Ltd raised its stake in Empro Group by 19.1% in the 4th quarter, owning 28,405 shares valued at $493,000. The stock traded down to $17.36, with a one-year low of $2.55 and a high of $18.14. Analysts currently rate Empro Group as a Sell, suggesting better investment opportunities elsewhere.
Empro Group Inc. (NASDAQ:EMPG - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 114,721 shares, an increase of 99.6% from the March 15th total of 57,478 shares. Approximately 1.4% of the company's shares are short sold. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Empro Group stock. Quadrature Capital Ltd boosted its position in shares of Empro Group Inc. (NASDAQ:EMPG - Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,405 shares of the company's stock after buying an additional 4,551 shares during the quarter. Quadrature Capital Ltd owned 0.35% of Empro Group worth $493,000 as of its most recent filing with the Securities & Exchange Commission.
Empro Group Price Performance
Shares of NASDAQ:EMPG traded down $0.40 during trading on Friday, hitting $17.36. The company had a trading volume of 386,600 shares. The company has a fifty day simple moving average of $17.36 and a two-hundred day simple moving average of $17.31. Empro Group has a one year low of $2.55 and a one year high of $18.14.
Empro Group Company Profile
(Get Free Report)Under the leadership of our founder, Yeoh Chee Wei, our company has steadily and successfully transcended its humble origins in the beauty industry during an operating history that spans nearly two decades. Our business is operated through our wholly-owned Malaysian subsidiary, EMP Solution, which was formed and commenced operations in 2005. We have secured exclusive distributorships with original equipment manufacturers in Asia, which enable us to distribute and market our healthcare and beauty products throughout the ASEAN region and in Europe.
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