Lobo EV Technologies Ltd (NASDAQ:LOBO – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 474,386 shares, a decline of 55.1% from the May 14th total of 1,056,838 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average daily volume of 393,188 shares, the short-interest ratio is presently 1.2 days.
Lobo EV Technologies Price Performance
NASDAQ:LOBO traded up $0.00 on Monday, hitting $0.79. The stock had a trading volume of 77,509 shares, compared to its average volume of 2,937,053. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.63 and a current ratio of 1.39. The company has a fifty day moving average price of $0.65 and a two-hundred day moving average price of $0.63. Lobo EV Technologies has a 1-year low of $0.35 and a 1-year high of $1.48.
Lobo EV Technologies (NASDAQ:LOBO – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $5.56 million for the quarter.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Lobo EV Technologies
About Lobo EV Technologies
Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.
Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.
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