Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Growth in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 104,896 shares, a growth of 271.2% from the September 15th total of 28,258 shares. Based on an average trading volume of 4,457,610 shares, the days-to-cover ratio is currently 0.0 days. Approximately 20.0% of the shares of the stock are short sold.

Jiuzi Price Performance

Jiuzi stock traded down $0.03 during midday trading on Monday, hitting $1.08. The company’s stock had a trading volume of 6,244,947 shares, compared to its average volume of 2,605,308. Jiuzi has a 12 month low of $0.75 and a 12 month high of $18.39. The stock’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.19.

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 firm had revenue of $3.57 million for the quarter.

Institutional Trading of Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC bought a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up about 0.5% of Sabby Management LLC’s holdings, making the stock its 13th largest holding. Sabby Management LLC owned about 14.13% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on JZXN shares. Wall Street Zen upgraded Jiuzi from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Jiuzi

Jiuzi Holdings Limited, operating under the name Jiuzi, is a China-based automotive retail company focused primarily on new energy vehicles (NEVs). The company sells electric and other alternative-energy passenger vehicles through a network of directly operated and franchised dealerships.

In addition to vehicle sales, Jiuzi’s business activities have included related automotive services, such as vehicle maintenance, repair and after-sales support. Its dealership model is designed to provide customers with access to NEV brands and products in local markets.

Founded in 2017, Jiuzi serves customers in China through its dealership network.