Changing the webroot folder will cause any issue in OJS 3.1 functioning?

Currently I have installed OJS in OJS-3.1 folder at my domain name www.mydomain.com.
Path of installation is as www.mydomain.com/ojs-3.1
I have taken the shared hosting plan from GoDaddy.com

I have changed the webroot folder for my website from http://www.mydomain.com/ to http://www.mydomain.com/ojs-3.1, after doing this I can access the OJS by just entering the url www.mydomain.com.

My question is that after doing this will my site will function normally?
Or will I face any issues after changing the webroot folder.