Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Update

by · The Cerbat Gem

Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 35,324 shares, a drop of 46.6% from the February 12th total of 66,151 shares. Based on an average daily trading volume, of 22,959 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.6% of the company’s shares are short sold. Currently, 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 22,959 shares, the days-to-cover ratio is currently 1.5 days.

Fly-E Group Stock Up 1.0%

Fly-E Group stock traded up $0.02 during mid-day trading on Friday, hitting $1.94. The company’s stock had a trading volume of 5,310 shares, compared to its average volume of 20,014. Fly-E Group has a 52-week low of $1.80 and a 52-week high of $161.80. The firm’s 50 day moving average is $4.39 and its 200 day moving average is $8.38.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLYE. Weiss Ratings restated a “sell (e+)” rating on shares of Fly-E Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of Fly-E Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Fly-E Group has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Fly-E Group

Institutional Trading of Fly-E Group

An institutional investor recently bought a new position in Fly-E Group stock. XTX Topco Ltd acquired a new stake in shares of Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.19% of Fly-E Group at the end of the most recent quarter.

Fly-E Group Company Profile

(Get Free Report)

FlyE Group, Inc, incorporated as a Cayman Islands exempted company, is a special purpose acquisition company (SPAC) formed to identify, acquire, and combine with one or more businesses. As a blank‐check entity, its primary operations involve raising capital through an initial public offering and seeking a merger, capital stock exchange, asset acquisition, or similar business combination with a target company.

In September 2021, FlyE Group completed its IPO and began trading on the Nasdaq Stock Market under the ticker symbol FLYE.

See Also