Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Declines By 73.7%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 67,196 shares, a drop of 73.7% from the February 12th total of 255,038 shares. Based on an average trading volume of 1,473,464 shares, the days-to-cover ratio is currently 0.0 days. Currently, 12.8% of the company’s stock are sold short. Currently, 12.8% of the company’s stock are sold short. Based on an average trading volume of 1,473,464 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Jiuzi Trading Down 0.8%

Shares of NASDAQ:JZXN traded down $0.01 during trading on Thursday, hitting $1.23. The company’s stock had a trading volume of 123,287 shares, compared to its average volume of 4,352,429. Jiuzi has a fifty-two week low of $0.75 and a fifty-two week high of $312.80. The stock’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $11.74.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP bought a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned about 1.23% of Jiuzi at the end of the most recent quarter. 0.62% of the stock is currently owned by hedge funds and other institutional investors.

About Jiuzi

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.