Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Significant Growth in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 36,197 shares, an increase of 235.1% from the January 15th total of 10,801 shares. Currently, 6.9% of the company’s stock are sold short. Based on an average daily volume of 963,681 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 963,681 shares, the days-to-cover ratio is currently 0.0 days. Currently, 6.9% of the company’s stock are sold short.

Jiuzi Stock Performance

NASDAQ JZXN traded up $0.53 during trading hours on Thursday, reaching $2.19. The company’s stock had a trading volume of 15,530,856 shares, compared to its average volume of 4,372,915. The business has a 50-day simple moving average of $2.36 and a 200 day simple moving average of $16.95. Jiuzi has a 52 week low of $1.03 and a 52 week high of $312.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Anson Funds Management LP bought a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned 1.23% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JZXN has been the subject of a number of research reports. Wall Street Zen upgraded Jiuzi to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.