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

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 35,447 shares, a decrease of 62.3% from the July 30th total of 94,060 shares. Based on an average daily volume of 409,056 shares, the short-interest ratio is currently 0.1 days. Approximately 6.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Jiuzi Price Performance

Shares of JZXN traded up $0.04 during trading hours on Friday, reaching $1.17. 62,518 shares of the company’s stock traded hands, compared to its average volume of 297,595. Jiuzi has a twelve month low of $0.75 and a twelve month high of $95.20. The business’s fifty day simple moving average is $1.32 and its two-hundred day simple moving average is $1.24.

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

Institutional Trading of Jiuzi

An institutional investor recently bought a new stake in Jiuzi stock. Sabby Management LLC acquired a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for 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 reporting period. 0.62% of the stock is currently owned by 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.