Lobo EV Technologies Ltd (NASDAQ:LOBO) Shares Shorted: Short Interest Up 314.3% in September

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 133,454 shares, a growth of 314.3% from the September 15th total of 32,214 shares. Based on an average trading volume of 16,241,894 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Lobo EV Technologies currently has an average rating of “Sell”.

Lobo EV Technologies Price Performance

Shares of LOBO traded down $0.01 on Friday, hitting $0.49. 70,180 shares of the stock traded hands, compared to its average volume of 9,115,272. The business has a 50 day simple moving average of $0.60 and a 200 day simple moving average of $0.64. Lobo EV Technologies has a one year low of $0.36 and a one year high of $1.48.

Lobo EV Technologies (NASDAQ:LOBO) last announced its quarterly earnings data on Saturday, September 19th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $7.29 million for the quarter.

About Lobo EV Technologies

Lobo EV Technologies Limited is a China-based electric vehicle company that designs, develops, manufactures and sells electric mobility products. Its offerings include electric bicycles, electric scooters, electric tricycles, electric go-karts and electric four-wheel vehicles, along with related components and replacement parts.

The company serves consumers and commercial customers seeking alternative transportation for personal mobility, short-distance travel and utility applications.