ICZOOM Group Inc. (NASDAQ:IZM) Sees Significant Decline in Short Interest

ICZOOM Group Inc. (NASDAQ:IZM) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 58,774 shares, a decline of 64.0% from the August 31st total of 163,183 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily volume of 52,122 shares, the short-interest ratio is presently 1.1 days.

ICZOOM Group Price Performance

Shares of NASDAQ:IZM traded down $0.06 on Tuesday, hitting $1.20. The company had a trading volume of 58,972 shares, compared to its average volume of 246,134. ICZOOM Group has a 1-year low of $1.02 and a 1-year high of $13.65. The stock has a 50 day moving average price of $1.25 and a 200 day moving average price of $1.79.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ICZOOM Group in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

ICZOOM Group Company Profile

ICZOOM Group Limited operates a business-to-business e-commerce platform that connects suppliers of electronic components with small and medium-sized manufacturing companies. The company provides an online procurement channel designed to help business customers source components and related products from multiple suppliers.

Products available through the platform include integrated circuits, semiconductors, capacitors, resistors, connectors, sensors, modules and other electronic parts and components.