Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Increases By 129.6%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 94,060 shares, an increase of 129.6% from the July 15th total of 40,968 shares. Based on an average trading volume of 4,558,468 shares, the days-to-cover ratio is presently 0.0 days. Currently, 18.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC purchased a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises about 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th biggest position. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent quarter. 0.62% of the stock is owned by institutional investors and hedge funds.

Jiuzi Price Performance

Jiuzi stock traded down $0.03 during trading on Friday, reaching $1.39. The company had a trading volume of 88,955 shares, compared to its average volume of 2,944,266. Jiuzi has a 12-month low of $0.75 and a 12-month high of $95.20. The stock’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $1.25.

Jiuzi (NASDAQ:JZXN) last posted its quarterly earnings results on Friday, July 17th. The company reported ($43.92) earnings per share for the quarter. The business had revenue of $3.57 million for the quarter.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JZXN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a report on Friday, July 17th. Wall Street Zen cut Jiuzi to a “strong sell” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Jiuzi 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.