EZGO Technologies Ltd. (NASDAQ:EZGO) Shares Shorted: Short Interest Up 186.6% in September

EZGO Technologies Ltd. (NASDAQ:EZGO – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 2,697 shares, an increase of 186.6% from the August 31st total of 941 shares. Based on an average daily volume of 38,093 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EZGO shares. Wall Street Zen upgraded shares of EZGO Technologies to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of EZGO Technologies in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, EZGO Technologies has an average rating of “Sell”.

Read Our Latest Stock Analysis on EZGO Technologies

EZGO Technologies Stock Performance

EZGO stock traded down $0.02 during mid-day trading on Monday, hitting $0.89. The company had a trading volume of 12,760 shares, compared to its average volume of 474,643. The company has a 50-day moving average price of $0.97 and a 200 day moving average price of $55.93. EZGO Technologies has a 12-month low of $0.74 and a 12-month high of $1,098.75. The company has a quick ratio of 2.91, a current ratio of 3.07 and a debt-to-equity ratio of 0.11.

EZGO Technologies (NASDAQ:EZGO – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($26.49) earnings per share (EPS) for the quarter. The business had revenue of $3.18 million during the quarter.

EZGO Technologies Company Profile

(Get Free Report)

EZGO Technologies Ltd. is a China-based company focused on electric mobility products and related energy solutions. Through its subsidiaries, the company designs, manufactures and sells electric vehicles, including electric bicycles, electric tricycles and other low-speed electric vehicles intended for personal transportation, delivery and commercial use.

EZGO also develops and sells lithium-ion battery products and battery packs used in electric vehicles and other applications. Its business has included both vehicle manufacturing and the distribution of electric-vehicle components and related products, with operations primarily serving customers in China.

The company is headquartered in Changzhou, Jiangsu, China.

Further Reading

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