Sgoco Group Ltd – Ordinary Shares (cayman Islands (NASDAQ:SGOC) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Sgoco Group Ltd – Ordinary Shares (cayman Islands (NASDAQ:SGOC) registered a decrease of 4.9% in short interest. SGOC’s total short interest was 157,100 shares in December as published by FINRA. Its down 4.9% from 165,200 shares, reported previously. With 7,300 shares average volume, it will take short sellers 22 days to cover their SGOC’s short positions. The short interest to Sgoco Group Ltd – Ordinary Shares (cayman Islands’s float is 10.67%.

The stock decreased 4.90% or $0.048 during the last trading session, reaching $0.932. About 6,105 shares traded. SGOCO Group, Ltd. (NASDAQ:SGOC) has declined 15.11% since December 2, 2017 and is downtrending. It has underperformed by 30.73% the S&P500.

SGOCO Group, Ltd. engages in product design, distribution, and brand development in the display and computer product market in China and internationally. The company has market cap of $70.37 million. The firm also provides energy saving services and products. It currently has negative earnings. The Company’s products include LCD/LED monitors; all-in-one and part-in-one computers; and application-specific LCD/LED display products, such as tablet PCs for commercial and consumer use, e-reader notebooks, cell phone devices, mobile Internet devices, e-boards, rotating screens, CCTV monitors for security systems, billboard monitors for advertising, public notice systems, touch screens for non-keyed entries, and phase change material thermal energy storage.

More notable recent SGOCO Group, Ltd. (NASDAQ:SGOC) news were published by: Prnewswire.com which released: “SGOCO Group, Ltd. Announces Acquisition of Boca International Limited – PR Newswire” on December 30, 2015, also Prnewswire.com with their article: “SGOCO Group, Ltd. announces the holding of Annual Shareholders Meeting – PR Newswire” published on June 08, 2018, Prnewswire.com published: “SGOCO Group, Ltd. Nominates New Director for Annual Meeting – PR Newswire” on November 28, 2017. More interesting news about SGOCO Group, Ltd. (NASDAQ:SGOC) were released by: Streetinsider.com and their article: “Form 424B4 SGOCO Group, Ltd. – StreetInsider.com” published on August 31, 2018 as well as Prnewswire.com‘s news article titled: “SGOCO Group, Ltd. Announces Acquisition of Century Skyway Limited – PR Newswire” with publication date: December 21, 2017.

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