Short Interest in Fly-E Group, Inc. (NASDAQ:FLYE) Decreases By 39.4%

Posted by Francis Steltz on Jul 30th, 2026

Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 17,693 shares, a decline of 39.4% from the June 30th total of 29,178 shares. Based on an average trading volume of 9,806 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.1% of the shares of the company are sold short.

Fly-E Group Stock Down 1.5%

Shares of Fly-E Group stock traded down $0.03 on Thursday, hitting $1.63. The stock had a trading volume of 6,720 shares, compared to its average volume of 162,908. The stock has a market cap of $2.66 million, a price-to-earnings ratio of -0.14 and a beta of -0.70. Fly-E Group has a twelve month low of $1.61 and a twelve month high of $161.80. The business’s 50 day moving average is $2.00 and its two-hundred day moving average is $2.69.

Fly-E Group (NASDAQ:FLYE – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported ($2.24) earnings per share for the quarter. The company had revenue of $7.18 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fly-E Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Report on FLYE

Institutional Investors Weigh In On Fly-E Group

A hedge fund recently bought a new position in Fly-E Group stock. Renaissance Technologies LLC purchased a new stake in Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,600 shares of the company’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned approximately 0.77% of Fly-E Group as of its most recent filing with the Securities & Exchange Commission.

About Fly-E Group

(Get Free Report)

FlyE Group, Inc, incorporated as a Cayman Islands exempted company, is a special purpose acquisition company (SPAC) formed to identify, acquire, and combine with one or more businesses. As a blank‐check entity, its primary operations involve raising capital through an initial public offering and seeking a merger, capital stock exchange, asset acquisition, or similar business combination with a target company.

In September 2021, FlyE Group completed its IPO and began trading on the Nasdaq Stock Market under the ticker symbol FLYE.