Short Interest in PMGC Holdings Inc. (NASDAQ:ELAB) Drops By 74.8%
by Jessica Moore · The Cerbat GemPMGC Holdings Inc. (NASDAQ:ELAB – Get Free Report) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 414,506 shares, a decrease of 74.8% from the March 31st total of 1,641,785 shares. Based on an average daily volume of 20,875,628 shares, the days-to-cover ratio is currently 0.0 days. Approximately 35.8% of the shares of the company are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PMGC in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Read Our Latest Stock Report on PMGC
PMGC Price Performance
ELAB traded down $0.45 during trading on Friday, hitting $2.49. The company’s stock had a trading volume of 820,907 shares, compared to its average volume of 21,505,766. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of 0.01. PMGC has a twelve month low of $1.62 and a twelve month high of $309.12. The business’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $56.13. The firm has a market capitalization of $2.89 million, a price-to-earnings ratio of -0.01 and a beta of 0.70.
PMGC (NASDAQ:ELAB – Get Free Report) last issued its quarterly earnings data on Monday, March 30th. The company reported ($52.76) EPS for the quarter. The business had revenue of $0.30 million during the quarter.
PMGC Company Profile
Elevai Labs, Inc, a skincare development company, designs, manufactures, and markets skincare products. Its products include Empower and Enfinity post-skincare procedure care serums for the face, neck, and upper chest regions. The company was formerly known as Reactive Medical Labs Inc and changed its name to Elevai Labs, Inc in December 2021. Elevai Labs, Inc was incorporated in 2020 and is based in Newport Beach, California.