Jiuzi Holdings, Inc. (NASDAQ:JZXN – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 135,981 shares, a decrease of 40.1% from the May 14th total of 227,164 shares. Based on an average daily volume of 222,419 shares, the short-interest ratio is presently 0.6 days. Approximately 26.0% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned approximately 1.23% of Jiuzi at the end of the most recent quarter. Hedge funds and other institutional investors own 0.62% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on JZXN shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a report on Tuesday, April 21st. Wall Street Zen lowered Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jiuzi has an average rating of “Sell”.
Jiuzi Stock Up 4.0%
NASDAQ:JZXN traded up $0.06 on Monday, hitting $1.57. The stock had a trading volume of 451,732 shares, compared to its average volume of 3,514,373. The business’s fifty day moving average is $1.09 and its 200 day moving average is $1.89. Jiuzi has a 52 week low of $0.75 and a 52 week high of $95.20.
Jiuzi (NASDAQ:JZXN – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($14.49) earnings per share (EPS) for the quarter. The business had revenue of $0.95 million during the quarter.
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.
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