ICZOOM Group Inc. (NASDAQ:IZM – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 315,481 shares, a growth of 593.0% from the May 31st total of 45,526 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily volume of 2,395,559 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On ICZOOM Group
A number of large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in ICZOOM Group during the 4th quarter worth approximately $45,000. XTX Topco Ltd bought a new position in ICZOOM Group in the 4th quarter valued at $48,000. Finally, Susquehanna International Group LLP bought a new position in ICZOOM Group in the 3rd quarter valued at $57,000. 34.25% of the stock is currently owned by institutional investors.
ICZOOM Group Stock Performance
Shares of NASDAQ IZM opened at $0.29 on Friday. ICZOOM Group has a 52 week low of $0.29 and a 52 week high of $2.74. The business has a 50-day simple moving average of $0.40 and a two-hundred day simple moving average of $0.87.
About ICZOOM Group
iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.
The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.
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