Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Increases By 752.8%

Jiuzi Holdings, Inc. (NASDAQ:JZXNGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 227,164 shares, a growth of 752.8% from the April 30th total of 26,637 shares. Currently, 43.4% of the company’s shares are sold short. Based on an average daily volume of 9,332,302 shares, the short-interest ratio is currently 0.0 days.

Jiuzi Trading Down 1.8%

Jiuzi stock opened at $1.09 on Thursday. Jiuzi has a 12-month low of $0.75 and a 12-month high of $204.00. The firm’s fifty day moving average is $1.02 and its 200 day moving average is $2.52.

Jiuzi (NASDAQ:JZXNGet Free Report) last released its earnings results on Tuesday, February 24th. The company reported ($14.49) earnings per share (EPS) for the quarter. The company had revenue of $0.95 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on JZXN shares. Wall Street Zen downgraded shares of Jiuzi from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on JZXN

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXNFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for approximately 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th largest holding. Sabby Management LLC owned 14.13% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is currently owned by hedge funds and other institutional investors.

Jiuzi Company Profile

(Get Free Report)

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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