Able View Global Inc. (NASDAQ:ABLV) Sees Significant Growth in Short Interest

Able View Global Inc. (NASDAQ:ABLV) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 91,300 shares, a growth of 181.8% from the March 31st total of 32,400 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 98,200 shares, the short-interest ratio is currently 0.9 days.

Able View Global Stock Performance

Shares of ABLV stock opened at $1.59 on Friday. Able View Global has a 52-week low of $1.55 and a 52-week high of $6.50. The stock’s 50-day moving average price is $2.49 and its 200 day moving average price is $2.57.

Hedge Funds Weigh In On Able View Global

An institutional investor recently bought a new position in Able View Global stock. Shaolin Capital Management LLC bought a new position in shares of Able View Global Inc. (NASDAQ:ABLV) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 15,000 shares of the company’s stock, valued at approximately $51,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Able View Global Company Profile

Able View Global Inc operates as brand management partners of beauty and personal care brands in China. Its brand management services encompass various segments of the brand management value chain, including strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfilment.