Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Growth in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 36,197 shares, an increase of 235.1% from the January 15th total of 10,801 shares. Based on an average daily volume of 963,681 shares, the days-to-cover ratio is presently 0.0 days. Currently, 6.9% of the shares of the company are sold short. Currently, 6.9% of the shares of the company are sold short. Based on an average daily volume of 963,681 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP bought a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned about 1.23% of Jiuzi at the end of the most recent quarter. 0.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a report on Thursday, January 22nd. Wall Street Zen upgraded Jiuzi to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Jiuzi currently has a consensus rating of “Sell”.

Jiuzi Stock Down 37.7%

Shares of NASDAQ JZXN traded down $0.97 during mid-day trading on Wednesday, hitting $1.61. 2,339,471 shares of the company’s stock traded hands, compared to its average volume of 3,908,132. Jiuzi has a 1 year low of $1.03 and a 1 year high of $312.80. The company’s 50-day moving average is $2.47 and its two-hundred day moving average is $17.06.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.