Jiuzi Holdings, Inc. (NASDAQ:JZXN – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 331,971 shares, a growth of 216.5% from the September 30th total of 104,896 shares. Based on an average trading volume of 777,218 shares, the short-interest ratio is currently 0.4 days. Currently, 63.4% of the company’s stock are sold short.
Jiuzi Trading Down 2.8%
Shares of NASDAQ JZXN opened at $1.04 on Thursday. The company’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.25. Jiuzi has a 52-week low of $0.75 and a 52-week high of $15.42.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Jiuzi from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Stock Report on JZXN
About Jiuzi
Jiuzi Holdings, Inc is a China-based automotive retail company that operates a network of dealerships focused primarily on new energy vehicles (NEVs), including electric and hybrid automobiles. The company sells vehicles from various manufacturers through dealerships operating under the Jiuzi brand.
In addition to vehicle sales, Jiuzi’s dealership operations may provide related services such as automobile financing support, insurance assistance, registration services, maintenance, and other after-sales services.
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