Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Decline in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 26,637 shares, a decrease of 58.4% from the April 15th total of 64,084 shares. Based on an average daily volume of 49,436 shares, the short-interest ratio is presently 0.5 days. Currently, 5.1% of the company’s stock are short sold.

Jiuzi Price Performance

Shares of NASDAQ:JZXN traded up $0.17 during midday trading on Friday, hitting $1.35. The stock had a trading volume of 8,920,954 shares, compared to its average volume of 3,398,057. Jiuzi has a 12 month low of $0.75 and a 12 month high of $204.00. The business’s 50-day simple moving average is $1.06 and its 200-day simple moving average is $3.18.

Jiuzi (NASDAQ:JZXN) last released its earnings results on Tuesday, February 24th. The company reported ($14.49) earnings per share for the quarter. The company had revenue of $0.95 million for the quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on JZXN. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Jiuzi from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Anson Funds Management LP acquired a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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.

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.