Short Interest in Lobo EV Technologies Ltd (NASDAQ:LOBO) Decreases By 73.7%

by · The Cerbat Gem

Lobo EV Technologies Ltd (NASDAQ:LOBO – Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 89,090 shares, a drop of 73.7% from the December 15th total of 338,287 shares. Based on an average daily trading volume, of 98,103 shares, the short-interest ratio is presently 0.9 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 98,103 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lobo EV Technologies in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Lobo EV Technologies presently has an average rating of “Sell”.

Get Our Latest Stock Report on Lobo EV Technologies

Lobo EV Technologies Price Performance

LOBO stock traded down $0.04 during trading on Wednesday, reaching $0.58. The stock had a trading volume of 32,742 shares, compared to its average volume of 78,460. The company has a quick ratio of 0.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $0.68 and its two-hundred day moving average is $0.68. Lobo EV Technologies has a 52 week low of $0.35 and a 52 week high of $2.41.

Lobo EV Technologies Company Profile

(Get Free Report)

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.

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