Short Interest in EZGO Technologies Ltd. (NASDAQ:EZGO) Drops By 95.5%

by · The Markets Daily

EZGO Technologies Ltd. (NASDAQ:EZGO – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 941 shares, a drop of 95.5% from the August 15th total of 20,967 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 74,449 shares, the days-to-cover ratio is presently 0.0 days.

EZGO Technologies Stock Performance

NASDAQ EZGO traded down $0.03 during trading on Friday, hitting $0.85. The stock had a trading volume of 13,221 shares, compared to its average volume of 60,803. EZGO Technologies has a 12 month low of $0.83 and a 12 month 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’s 50-day moving average price is $1.04 and its two-hundred day moving average price is $73.36.

EZGO Technologies (NASDAQ:EZGO – Get Free Report) last posted 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 for the quarter.

Analysts Set New Price Targets

EZGO has been the subject of a number of research reports. Wall Street Zen raised EZGO Technologies to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EZGO Technologies in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, EZGO Technologies presently has an average rating of “Sell”.

View Our Latest Stock Report on EZGO Technologies

About EZGO Technologies

(Get Free Report)

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.

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