EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Update

EZGO Technologies Ltd. (NASDAQ:EZGO) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 35,228 shares, a decrease of 12.4% from the February 12th total of 40,235 shares. Based on an average trading volume of 9,760 shares, the days-to-cover ratio is currently 3.6 days. Approximately 6.6% of the company’s shares are sold short. Approximately 6.6% of the company’s shares are sold short. Based on an average trading volume of 9,760 shares, the days-to-cover ratio is currently 3.6 days.

Wall Street Analysts Forecast Growth

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

EZGO Technologies Stock Down 1.7%

Shares of EZGO opened at $1.29 on Tuesday. The business has a 50-day moving average of $1.69 and a 200-day moving average of $2.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21. EZGO Technologies has a 1 year low of $1.22 and a 1 year high of $17.24.

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.