EZGO Technologies Ltd. (NASDAQ:EZGO) Shares Shorted: Short Interest Down 50.2% in October

EZGO Technologies Ltd. (NASDAQ:EZGO – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 12,432 shares, a decrease of 50.2% from the September 30th total of 24,967 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 92,374 shares, the short-interest ratio is presently 0.1 days.

EZGO Technologies Stock Up 1.4%

NASDAQ EZGO traded up $0.01 on Friday, hitting $0.76. 15,241 shares of the stock were exchanged, compared to its average volume of 67,467. EZGO Technologies has a fifty-two week low of $0.70 and a fifty-two week high of $1,098.75. The company has a current ratio of 3.07, a quick ratio of 2.91 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $0.87 and a 200-day moving average price of $87.09.

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 firm had revenue of $3.18 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, EZGO Technologies currently has a consensus rating of “Sell”.

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About EZGO Technologies

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EZGO Technologies Ltd. (NASDAQ: EZGO) is a China-based company focused on short-distance transportation and electric mobility products. Through its operating subsidiaries, the company designs, manufactures and sells electric vehicles and related products for personal, commercial and shared transportation applications.

Its product portfolio includes electric bicycles, electric tricycles, electric scooters, electric carts and other low-speed electric vehicles. EZGO also offers battery packs and related components and has developed products intended for uses such as urban transportation, delivery and mobility services.

The company is based in Changzhou, Jiangsu Province, China, and primarily serves the Chinese market through direct sales and distribution channels.

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