EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Down 14.1% in January

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 38,231 shares, a decline of 14.1% from the December 31st total of 44,492 shares. Based on an average daily trading volume, of 85,552 shares, the short-interest ratio is presently 0.4 days. Currently, 7.2% of the shares of the company are sold short. Currently, 7.2% of the shares of the company are sold short. Based on an average daily trading volume, of 85,552 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

EZGO has been the topic of several research reports. Wall Street Zen downgraded EZGO Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of EZGO Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

EZGO Technologies Stock Performance

Shares of EZGO Technologies stock opened at $1.60 on Thursday. The firm has a fifty day moving average price of $1.98 and a 200 day moving average price of $4.23. EZGO Technologies has a 1 year low of $1.42 and a 1 year high of $17.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.21 and a quick ratio of 3.18.

About EZGO Technologies

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.