Lobo EV Technologies Ltd (NASDAQ:LOBO – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 360,648 shares, an increase of 170.2% from the September 30th total of 133,454 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average daily volume of 863,500 shares, the short-interest ratio is currently 0.4 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Lobo EV Technologies currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Lobo EV Technologies
Lobo EV Technologies Stock Performance
Shares of LOBO stock opened at $0.42 on Friday. The business has a fifty day moving average of $0.53 and a 200 day moving average of $0.61. Lobo EV Technologies has a 1 year low of $0.36 and a 1 year high of $1.48.
Lobo EV Technologies (NASDAQ:LOBO – Get Free Report) last posted its quarterly earnings results on Saturday, September 19th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $7.29 million during the quarter.
Lobo EV Technologies Company Profile
Lobo EV Technologies Limited is a China-based manufacturer of electric vehicles and related mobility products. The company focuses on the research, development, production and sale of low-speed electric vehicles designed for personal transportation and short-distance mobility.
Its product offerings include electric bicycles, electric tricycles, electric scooters and other electric-powered vehicles. Lobo also provides related components and accessories for its vehicles, supporting customers in a range of transportation and utility applications.
Founded in 2003 and headquartered in Wuxi, China, Lobo serves customers primarily through the Chinese market.
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