Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Down 74.5% in June
by Renee Jackson · The Cerbat GemLobo EV Technologies Ltd (NASDAQ:LOBO – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 121,160 shares, a decrease of 74.5% from the May 31st total of 474,386 shares. Based on an average daily volume of 7,766,133 shares, the short-interest ratio is currently 0.0 days. Currently, 1.4% of the shares of the stock are short sold.
Lobo EV Technologies Price Performance
LOBO stock traded down $0.01 during midday trading on Friday, hitting $0.69. The stock had a trading volume of 47,298 shares, compared to its average volume of 4,477,200. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 0.63. Lobo EV Technologies has a 1-year low of $0.35 and a 1-year high of $1.48. The business has a fifty day moving average price of $0.70 and a two-hundred day moving average price of $0.63.
Lobo EV Technologies (NASDAQ:LOBO – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported ($0.12) EPS for the quarter. The company had revenue of $5.56 million during the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Lobo EV Technologies
About Lobo EV Technologies
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.