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

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 135,981 shares, a decrease of 40.1% from the May 14th total of 227,164 shares. Currently, 26.0% of the shares of the company are sold short. Based on an average daily volume of 222,419 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Several research firms have commented on JZXN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a report on Tuesday, April 21st. Wall Street Zen downgraded Jiuzi from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Jiuzi presently has a consensus rating of “Sell”.

Jiuzi Trading Down 1.3%

Shares of JZXN stock traded down $0.02 on Tuesday, reaching $1.55. The company’s stock had a trading volume of 344,660 shares, compared to its average volume of 4,023,428. The stock’s 50 day simple moving average is $1.12 and its 200-day simple moving average is $1.81. Jiuzi has a 12-month low of $0.75 and a 12-month high of $95.20.

Jiuzi (NASDAQ:JZXN) last announced 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.

Institutional Investors Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned approximately 1.23% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is 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.