Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Down 50.5% in August

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 47,015 shares, a decline of 50.5% from the July 30th total of 95,066 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 49,407 shares, the short-interest ratio is presently 1.0 days.

Lobo EV Technologies Stock Performance

LOBO traded down $0.03 during midday trading on Friday, hitting $0.62. 95,551 shares of the company were exchanged, compared to its average volume of 34,863. The firm’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.64. Lobo EV Technologies has a 1-year low of $0.36 and a 1-year high of $1.48. The company has a quick ratio of 0.63, a current ratio of 1.39 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Lobo EV Technologies Company Profile

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.